How is PMI payment calculated?
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!
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!