Calculating Private Mortgage Insurance(PMI)

Private Mortgage Insurance is required on conventional loans with a down payment of less than 20%.  The Private Mortgage Insurance premium can be calculated using the following table.  (NOTE:  All rates are subject to change without notice)

Amount Financed Fixed Rate Loan
15 Yr 30 Yr
95.01% - 97% 0.79% 0.90%
90.01% - 95% 0.56% 0.78%
85.01% - 90% 0.23% 0.52%
80.01% - 85% 0.19% 0.32%
80% or less n/a n/a

Fannie Mae and Freddie Mac have loan limits as of 2017 up to $424,100. These limits are an increase from the long standing limit of $417,000 from 2005.

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