How much is PMI?

Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

PMI typically costs 0.3% to 1.5% of the loan amount per year, driven mainly by your credit score and down payment. On a $300,000 loan that's roughly $75 to $375 a month.

Higher credit and a larger down payment lower it sharply. We'll quote your exact PMI and show how a small score improvement could reduce it.