Monthly MI is applied to all loans with less than 20% down (in a purchase) or 20% of equity (in a refinance). MI factor based off of LTV, property type, loan program and FICO Scores. For specifics to your scenario please feel free to give me a call.
[mortgage price_of_home=”417000″ interest_rate=”4.5%” title=”Find Your Payment” down_payment=”3.5″ mortgage_term=”30″]