Posted on: 24th Jul, 2009 01:07 pm
How much is the cost of the private mortgage insurance (PMI) premium? Where to check the quote?
Hi jk,
The cost of PMI depends on your particular situation. There are various factors that determine the cost of PMI. Some of these factors are the amount of down payment you make, the amount of coverage, the type of loan you opt for etc. For FHA loans, however, you need to pay an upfront MIP of 1.75% of the purchase mortgage amount and an annual MIP of 0.50%-0.55%, depending on the term and LTV of the loan.
The cost of PMI depends on your particular situation. There are various factors that determine the cost of PMI. Some of these factors are the amount of down payment you make, the amount of coverage, the type of loan you opt for etc. For FHA loans, however, you need to pay an upfront MIP of 1.75% of the purchase mortgage amount and an annual MIP of 0.50%-0.55%, depending on the term and LTV of the loan.
jk9999
....
"How much is the cost of the private mortgage insurance (PMI) premium? "
cost differs with your down payment and type of mortgage.
"Where to check the quote?"
this is one of the good website to look for the quotes.
http://www.pmi-us.com/
keep in touch..........
:arrow: :arrow: :arrow:
....
"How much is the cost of the private mortgage insurance (PMI) premium? "
cost differs with your down payment and type of mortgage.
"Where to check the quote?"
this is one of the good website to look for the quotes.
http://www.pmi-us.com/
keep in touch..........
:arrow: :arrow: :arrow: