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cost of PMI | Print |

What does PMI cost?

PMI costs vary from one mortgage insurance firm to another, but premiums usually run about 0.50 percent of the loan amount for the first year of the loan. Most PMI premiums are a bit lower for subsequent years. The first year's mortgage insurance premium is usually paid in advance at the closing.
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Last Updated ( Tuesday, 29 July 2008 )
 
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