Here we will estimate how much Private Mortgage Insurance (PMI) is on a $301,500 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 $301,500.
Therefore, if the mortgage on a $301,500 house is $241,200 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 $301,500 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $301,500 home will range between $126/month and $377/month.
PMI on $301,500 home Summary:
$126/month = low estimate
$377/month = high estimate
$0/month = loan less than $241,200
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