Saturday, November 10, 2018

To PMI or Not to PMI (Part 3 of 5)

How much will PMI cost me?

You can expect to pay between $30–70 for every $100,000 that you borrowed to purchase your home every month. Unison’s estimated monthly payments based on the example of a “30-year loan for $250,000 with an interest rate of 4 percent” breaks down as:
• Principal and interest: $1,194
• Property taxes: $100
• Homeowners insurance: $80
• PMI: $125

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