You can ask your lender for a specific percentage to make your calculations easier. Lenders typically maintain charts that show the PMI percentage to charge in various situations. Your credit score: Lenders typically charge borrowers with high credit scores lower PMI percentages.Your total loan amount: As a general rule, PMI expenses are higher for larger mortgages. How much you pay depends on two main factors: On average, PMI costs range between 0.22% to 2.25% of your mortgage. In this case, your lender arranges for you to pay a portion of your PMI at closing and adds the rest to your monthly mortgage payments.
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