Here we will estimate how much Private Mortgage Insurance (PMI) is on a $313,200 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 $313,200.
Therefore, if the mortgage on a $313,200 house is $250,560 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 $313,200 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $313,200 home will range between $131/month and $392/month.
PMI on $313,200 home Summary:
$131/month = low estimate
$392/month = high estimate
$0/month = loan less than $250,560
|
|