(760) 943-6777
  • 			    Helping you to create a brighter future is what we do best!

    Helping you to create a brighter future is what we do best!

  • 			    Whatever type of home loan you need...We're here to find the right fit for your situation.

    Whatever type of home loan you need...We're here to find the right fit for your situation.

  • 			    With over 25 years in the industry, you can trust us to answer all of your questions and walk you through the loan process.

    With over 25 years in the industry, you can trust us to answer all of your questions and walk you through the loan process.

How Much Does Private Mortgage Insurance (PMI) Cost?

PMI costs vary from insurer to insurer, and from plan to plan. Example: A highly leveraged adjustable-rate mortgage requires the borrower to pay a higher premium to get coverage. Buyers with a 5% down payment can expect to pay a premium of approximately 0.78% times the annual loan amount, $92.67 monthly for a $150,000 purchase price. But, the PMI premium would drop to 0.52% times the annual amount, $58.50 monthly if a 10% down payment was made.

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