Hebert

Mathematics

8 November, 20:24

Emil is purchasing a $175,000 home with a 15-year mortgage. He will make a

15% 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%