FHA Loan – Upfront Mortgage Insurance and monthly premium for 5 years. Is this true?

I checked with my loan officer. For a FHA loan (over $ 500,000 in bay area, Califorina), there is a upfront mortgage insurance (about 1.5 to 1.75%) that can be mortgaged and monthly premium for 5 years ($ 150.00 to $ 200.00) irrespective of how much down you put. Is this true? So even if you put 20% down (or even more) you have to pay upfront MI and monthly MI for 5 years!!

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