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.
BBMC Mortgage, a Division of Bridgeview Bank Group, doing business as LenderCity®
Company NMLS: 484683
17813 Edison Ave., Suite 201
Chesterfield, Missouri 63005
Phone: 888.880.CITY (2489)