[Amanda is MARRIED!]

I was looking over our commitment letter for our mortgage from Wells Fargo and it states..."For an FHA loan, Buyer must either pay or finance the up-front mortgage insurance premium of $1,832.50 and must pay a monthly MIP charge to start at $136.47 per month."I was confused about this as I didnt realize that there are two separate payments here....This basically means that I have to pay $1,832.50 up front (or finance) AND pay another $136.47 per month. If I choose to finance the first part, it would be $152.71 plus $136.47 per month that I'd be paying for the PMI.Does this sound right? Everyone I'm speaking to says that it sounds a little high.... I called the mortgage banker and he confirmed that this is 2 separate payments per month, BUT I have called and asked him questions in the past and he has given me incorrect info.... So I was hoping he's wrong about this too!! I can definitely afford it, but it's expensive!!Any thoughts??It doesnt say..... I'm wondering if that $1,832.50 is an upfront fee meaning that it's a one time fee (unless you finance) and that after we pay that off, we continue with just the $136.47 per month.....