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How much is PMI on a $500,000 home?

Here we will estimate how much Private Mortgage Insurance (PMI) is on a $500,000 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 $500,000.

Therefore, if the mortgage on a $500,000 house is $400,000 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 $500,000 home would depend on the loan terms and the borrower's credit score.

We estimate that the PMI on a $500,000 home will range between $208/month and $625/month.

PMI on $500,000 home Summary:

$208/month = low estimate

$625/month = high estimate

$0/month = loan less than $400,000

More information from Research Maniacs

PMI Calculator
Check out our useful Private Mortgage Insurance (PMI) Calculator for more PMI estimates.

How much is PMI on a $500,100 home?
Go here for the next PMI estimations we calculated.


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