Predictable

With some 80–10–10 financing, the homeowner’s monthly costs go up when interest rates rise — but PrivateMI premiums are fixed and predictable, regardless of rising interest rates. And a loan with PrivateMI doesn’t saddle a borrower with a large balloon payment.

How much will it cost me?

Premium prices vary. They are based on the size of the down payment, type of mortgage and amount of insurance coverage. Premiums typically are paid along with your monthly mortgage payment. The range for a median priced home is $50 to $100 per month (in 2007, the projected national median price for a single family home is $220,300). You can pay the premium up front and finance it as part of your mortgage. Lender-paid policies also are available, but they result in a higher interest rate on the mortgage. If you earn less than $109,000 per year, PrivateMI premiums are tax deductible for loans originated or refinanced in 2007.

Use the tools on this web site to see if PrivateMI is right for you, and ask your lender about private mortgage insurance today!