Here we will estimate how much Private Mortgage Insurance (PMI) is on a $501,700 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 $501,700.
Therefore, if the mortgage on a $501,700 house is $401,360 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 $501,700 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $501,700 home will range between $209/month and $627/month.
PMI on $501,700 home Summary:
$209/month = low estimate
$627/month = high estimate
$0/month = loan less than $401,360
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