PMI - Calculate PMI (Private Mortgage Insurance)

PMI Calculate PMI, How to calculate PMI, Calculate Private Mortgage Insurance PMI Calculation PMI

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"PMI" Is Issued With Conventional Loans Only

PMI Is Required With Less Than A 20% Down Payment

(All Rates Are Subject To Change)

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Base-To-Loan %	Fixed Rate Loan		Loan Buydowns		Arm 2% + 1 Year Cap
	30 yrs.	15 yrs.	30 yrs.	15 yrs.	30 yrs.	15 yrs.

95.01% to 97%	.90	.79	n/a	n/a	n/a	n/a

90.01% to 95%	.78	.26	.88	.77	.92	.81

85.01% to 90%	.52	.23	.61	.50	.65	.54

85% and Under	.32	.19	.33	.22	.37	.26

- A PMI Calculation Example -

After putting 5% down, you need to borrow
$100,000, and want a "Fixed Rate", 30 year loan.
What is the monthly cost for PMI?

(The Solution)

To calculate the monthly "Private Mortgage Insurance" fee ....

Look in the "Base-To-Loan %" column, and locate
the percentage of the amount you need to borrow.

(In this example, it is 95%)

Next, locate the column at the top describing the
type of loan you wish to get. In this case it will be a
"Fixed Rate Loan". Then choose the 30 yrs. column,
and locate where "a" and "b" converge to see ".78"