© 2018 AFC Mortgage Group, LLC

AFC Mortgage Group NMLS# 2801  |  Frank Ciambriello NMLS# 4757

Licensed in CT, NY, MA, VT,  Equal Housing Lender

(203) 452-9899  |  fciambriello@afcmortgagegroup.net

AFC Mortgage Group, LLC

Monroe, CT 06468

How Much Does Private Mortgage Insurance (PMI) Cost?

PMI costs vary from insurer to insurer, and from plan to plan. Example: A highly leveraged adjustable-rate mortgage requires the borrower to pay a higher premium to get coverage. Buyers with a 5% down payment can expect to pay a premium of approximately 0.78% times the annual loan amount, $92.67 monthly for a $150,000 purchase price. But, the PMI premium would drop to 0.52% times the annual amount, $58.50 monthly if a 10% down payment was made.