Ernest is purchasing a $175,000 home with a 30-year mortgage. he will make
a $15,000 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
30 yrs. 15 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%
o
a. $1248
b. $1170