Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Real Estate
  4. / Home Mortgages And Real Estate Financing
  5. / Private Mortgage Insurance (PMI)

by Real Estate Guy on September 10th, 2003

Real Estate Guy

Question

Help answer this question below.

What does PMI cost?

  • Like
  • Report
Share:
Other

Answers. 4 helpful answers below.

  • by cballhagen on September 20th, 2009

    cballhagen

    You can go to www.radian.com and click on the tools button and input your info. You can also go to www.micanews.com for more info about PMI

    No comments. Post one | Permalink

  • by Scott D - ex-QnA on September 17th, 2008

    Scott D - ex-QnA

    Mortgage insurance is based upon the perceived risk to the lender. Any time you require more than 80% LTV, you will be charged mortgage insurance, or the lender will "self-insure" by increasing the interest rate proportional to the risk. MI is common to conforming loans, and self-insurance is common to some non-conforming loans.

    The higher the LTV, the lower your median credit score, and other risk factors will increase the insurance premium. Factors will run as low as .35% to as high as 2% of the loan amount, based on these risk factors.

    No comments. Post one | Permalink

  • by jamaine12 on September 16th, 2008

    jamaine12

    The cost varies, depending on percent down, type of loan, and amount of coverage.

    No comments. Post one | Permalink

  • by Real Estate Guy on September 10th, 2003

    Real Estate Guy

    PMI costs vary from one mortgage insurance firm to another, but premiums usually run about 0.50 percent of the loan amount for the first year of the loan. Most PMI premiums are a bit lower for subsequent years. The first year's mortgage insurance premium is usually paid in advance at the closing.

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading What does PMI cost?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Why is immigration important
What does pmi cost
Pmi cost
How much does pmi cost
Why immigration is important
How much will pmi cost
How much does PMI cost
What is the cost of pmi
Why is immigration important to america
Cost of pmi
Does pmi go down
How much does pmi cos
How much does pmi in missouri cost
F
How much does pmi cost on sonyma
What is the cost of pmi based on
What does pmi cost in nc
How much does pmi cost in maine
Pmi cost on a mortgage
How much is pmi in missouri

Answerbag

a Demand Media company