How much is PMI on a $300 000 loan?
How much is PMI on a $300 000 loan?
Let’s take a second and put those numbers in perspective. If you buy a $300,000 home, you would be paying anywhere between $1,500 – $3,000 per year in mortgage insurance.
Why is my PMI so high?
The greater the combined risk factors, the higher the cost of PMI, similar to how a mortgage rate increases as the associated loan becomes more high-risk. So if the home is an investment property with a low FICO score, the cost will be higher than a primary residence with an excellent credit score.
How much is PMI in Hawaii?
Total Monthly Payment Breakdown Mortgage Payment (P&I) $984 Homeowners Insurance Edit this $104 Mortgage Insurance (PMI) $0 Taxes & Other Fees $401 Property Taxes Edit this $401 2 more rows
