Michael is purchasing a $142,000 home with a 30-year mortgage. He will put down $17,000 down payment. Use the table below to find his monthly PMI
payment.
Base-To-Loan
Fixed-Rate Loan
30 yrs. 15 yrs
ARM 2% + 1 Year Cap
15 yrs
30 yrs
95.01% to 97%
0.90% 0.79%
n/a
n/a
90.01% to 95%
0.78% 0.26%
0.92%
0.81%
85.01% to 90%
0.52% 0.23%
0.65%
0.54%
85% and Under
0.32% 0.19%
0.37%
0.26%
A. $650