Accounting for PMI in my Deal Analyses
Hello BP members!
Lately I have been working on improving my deal analysis skills, and in doing so I have realized that I have not been accounting for PMI in my calculations for scenarios where I would have a down payment less than 20%.
My question is as follows: how do I account for PMI in my analysis? Is it typically a set percentage of the mortgage payment?
Any clarification would be great!
Thanks!
- Shawn
Lately I have been working on improving my deal analysis skills, and in doing so I have realized that I have not been accounting for PMI in my calculations for scenarios where I would have a down payment less than 20%.
My question is as follows: how do I account for PMI in my analysis? Is it typically a set percentage of the mortgage payment?
Any clarification would be great!
Thanks!
- Shawn