Clarence is purchasing a $142,000 home with a 15-year mortgage. he will
make a 17% down payment. use the table below to find his monthly pmi
payment.
base-to-loan
fixed-rate loan
30 yrs. 15 yrs.
arm 2% + 1 year cap
30 yrs.15 yrs.
95.01% to 97%
0.90%
0.79%
nana
90.01% to 95%
0.78%
0.26%
0.92%
0.81%
85.01% to 90%
0.52%
0.25%
0.65%
0.54%
85% and under
0.32%
0.19%
0.37%
0.26%
o
a. $18.66
b. $12.90
c. $16.23
d. $650
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