Here we will estimate how much Private Mortgage Insurance (PMI) is on a $83,300 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 $83,300.
Therefore, if the mortgage on a $83,300 house is $66,640 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 $83,300 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $83,300 home will range between $35/month and $104/month.
PMI on $83,300 home Summary:
$35/month = low estimate
$104/month = high estimate
$0/month = loan less than $66,640
|
|