Included in the two-month extension of the payroll tax break passed by Congress was an additional fee on mortgages guaranteed by agencies under the supervision of the Federal Housing Finance Agency.

The additional .1 percent fee will be added to the existing average .26 percent fee already collected on all new mortgages guaranteed by Fannie Mae and Freddie Mac.  The new fee will take effect on April 1.

The fee increase is expected to add $15 to the monthly mortgage payment of a new $200,000 30-year mortgage, or $5,400 over the life of the loan.  The new fee was part of a package that lowers the payroll tax on wage earners by 2 percentage points through February 28.  The payroll tax break has been in effect since January 1, 2011.  Congress is expected to further extend the payroll tax break through December 31, 2012.