That depends on the different mortgage insurance company and also could depend on the how much you put down – 10% or 15%. Also if the loan is high balance (over 417K) or below.
I know that in case of high balance – like a 500K loan, the PMI with 10% down can be a little above 400$/mo. In your case, it’s under 417K loan so you should plan probably on $200-$250/month.
If you want to know more concrete examples (and they vary from day to day and lender to lender), why don’t you try PM Sheldon (handle HLS)? He is very good and professional.[/quote]
Thanks Scarlett. I think I’ll just put down 20% to avoid the PMI headaches.
