Here we will estimate how much Private Mortgage Insurance (PMI) is on a $142,500 home.
Note that the lender usually only requires the borrower to have PMI if the borrower's equity in
the home is less than 20 percent of the $142,500.
Therefore, if the mortgage on a $142,500 house is $114,000 or less, then the PMI fees should be $0.00.
If the borrower doesn't have enough equity and has to pay PMI, then the PMI on a $142,500 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $142,500 home will range between $59/month and $178/month.
PMI on $142,500 home Summary:
$59/month = low estimate
$178/month = high estimate
$0/month = loan less than $114,000
|
|