Here we will estimate how much Private Mortgage Insurance (PMI) is on a $93,200 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 $93,200.
Therefore, if the mortgage on a $93,200 house is $74,560 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 $93,200 home would
depend on the loan terms and the borrower's credit score.
We estimate that the PMI on a $93,200 home will range between $39/month and $117/month.
PMI on $93,200 home Summary:
$39/month = low estimate
$117/month = high estimate
$0/month = loan less than $74,560
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