When completing the TIP calculation, we include odd day's interest, but would mortgage insurance be part of that calculation as well?

Thanks.

To manually find TIP, take the interest paid over the life of the loan + any prepaid interest shown in Section F and divide that total by the loan amount.

I know that, but I'm wondering if PMI by some weird chance, is considered in the TIP calculation as it is in the APR calculation. Thanks.

I should also add, our processing software is including the PMI in the TIP calculation, but I can't find any support for including it.

PMI premiums are finance charges. Why do you think they should not be included in the TIP calcualtion?

Well because we have some legal advice stating no it should not be. And the direction in the regulation says "interest" it does not say finance charges. Would we include all finance charges then?

I don't see any support in the regulation for including anything other than interest.

By crackies it does say "Interest" instead of finance charge.....

Dan-
I think we're all a little bit "cracked" at this point . . . do you think we do this stuff because we like it or because we don't know any better . . . IOW . . . a little "cracked." Thanks everyone.