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Forums Private Lending & Conventional Mortgage AdviceHow is PMI payment calculated?

How is PMI payment calculated?

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Jonathan Plotner
from Valley Center, California

posted over 1 year ago

How is the monthly cost for PMI calculated?

For example, if our PMI is at 1%:

1% of OriginalPrinciple / 12

or

1% of RemainingPrincipleBalance / 12

or some other thing...

Thanks!

Jaysen Medhurst
Rental Property Investor from Greenwich, CT

replied over 1 year ago

@Jonathan Plotner , 1% of the loan amount.