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.
We've been helping investors obtain and finance properties and build their business for many years and we love what we do.
Company NMLS:
www.nmlsconsumeraccess.org
400 N. Tustin Ave
Santa Ana, CA 92705
Phone: (773) 234-6322
truhardmoney@gmail.com
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