With you be paying for the total of purchase price plus rehab costs. Example, purchase price is $200,000 and and rahab costs are $65,000. Your loan amount will be based on $265,000. Typically with a 3.5% down payment. Your total loan amount in this scenario is $255,725 base loan amount plus 1.75% up-front mortgage insurance premium or $4,475, so total loan amount of $60,200. Please contact me directly on 630-659-7644 or email me at email@example.com. I would love to talk you about our 203K loan programs. We do not have any lender overlays on FHA 203K products. We go down to 530 credit scores with 10% down and 580 with 3.5% down.