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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.

Today's Low Rates

PROGRAM RATE APR
30 Year Fixed 3.625% 3.68%
15 Year Fixed 2.99% 3.06%
5/1 Arm 3.125% 3.18%
All rates shown with 0 points
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