Upfront Premium (bps)
Monthly Premium (bps)
Loan Amount
Monthly Payment
Total MI Cost Over 5 Years
0
78
$213,750
$1,254
$8,336
100
115
$219,296
$1,352
$14,761
New Rates*
67
$1,234
$7,161
The partial upfront premium can be paid at closing, paid with a seller contribution, or financed into the loan amount. The balance of the premium is paid monthly.
This monthly plan requires no mortgage insurance premium payment at closing. The first premium payment is collected and paid with the first mortgage payment.
A one-time, upfront payment that can be paid in full at closing, paid with a seller contribution, financed into the loan amount, or a combination of these options.