If you want to fully pay off your FHA loan you could pay more interest because of per diem as opposed to the full month basis system.
I read an article in the LA Times Orange County edition and was interested how the feds calculate interest when one fully paids off FHA loan. It goes on to say that Real Estate Agents are not happy because the sellers suffer additional interest, but they have no control over when the new buyer closes.
So, if you are thinking of selling your house and have an FHA loan, try to aim for the end of the month.
