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Homeowners...

andreahowie2011 Posted:

Homeowners...

Approximately how much is PMI every month?

200? 300?
adelz Posted:

Re: Homeowners...

Depends on how much % you put down and how much your home value is I think. There's a formula I've seen before that's been utilized - but $200-$300 sounds about right assuming you put down like 10% or something.

leesah85 Posted:

Re: Homeowners...

I think my PMI payment is about $260 per month

It's built into your mortgage so it's not really separately out - PMI, taxes and principal/interest are all combined into one number
Gin-Char 104 Posted:

Homeowners...

agree with Leesah85 and adelz; at least, mine too is built into my mortgage payments.

MCR22 Posted:

Homeowners...

Ours is $400. We paid it totally seperate

AnnaK26 Posted:

Homeowners...

PMI is 1.25% of your loan amount per year plus 1.75% of loan amount up front in closing costs

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