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.
HOMEPLUS CORPORATION
NMLS ID 78669
Real Estate Broker – CA DRE License #01426454
9655 Granite Ridge DriveSuite 200San Diego, CA 92123
Todd Benware
NMLS# 296558
CADRE #01204874
Branch Manager
Mortgage Loan Originator
Del Mar Branch NMLS# 2310137
1011 Camino Del Mar, Suite 236
Del Mar, California 92014
Phone: (800) 511-4080
todd@toddbenware.com
HomePlus Mortgage is not affiliated with the VA, FHA or any other government agency. This site has not been approved by any government agency.
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