California Mortgage Insurance Calculations/Estimations

[Kenny Ellis]

Hi Everyone,

I'm having troubles with finding an accurate number for calculating the mortgage insurance on a property. I've heard several numbers being thrown around such as... ~$70-$100 for every 100k of the home's value. I've also had a mortgage broker tell me that it would be $30-50 (which seems too low for an FHA / Conventional 5% down loan).

Any help would be greatly appreciated! :) 

About me: 24, credit over 760, high paying tech job.