Will I be required to secure Private Mortgage Insurance (PMI) if I don’t have a 20% down payment?
Estimate Your Mortgage*
$
%
Your Monthly Payment*
$-
$50,000
Monthly Savings
$50,000
Total Savings
$200,000
Interest Amount
$323,312
Total Cost of Mortgage
*Estimate is based on the interest rate input above, the initial rate provided is for example purposes only. To check what current rates are, and to have your one personalized rate quote follow the "Your Personal Rates" button above.
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Yes. Private Mortgage Insurance is always required if the mortgage loan is above 80% of the purchase price.
