How to Calculate MPF Xtra Extension Fees
- There is always a fee for an extension
- Fees are calculated using the pass-through rate/net interest - Note rate less the servicing fee of .25%.
Less servicing fee .25%
= Pass-through rate 4.00% or .0400
.0400 x $200,000.00 = $8,000.00 / 360 = $22.22 per day