Paul and Renee Moats Realty Team Loan Calculator Homes to Dreams
A NOTE ABOUT PRIVATE MORTGAGE INSURANCE
Mortgage insurance is required primarily for borrowers with a down payment of
less than 20% of the home's purchase price. It protects lenders against some or
most of the losses that can occur when a borrower defaults on a mortgage loan.
In the chart below, the monthly PMI (Private Mortgage Insurance) amount/rate
may not be known until you have received a Mortgage PreApproval.  For PreApproval
information, select "GET PRE-APPROVED" in the drop down option under the
Loan Calculator tab.