Hypotheken Insurance Rechner — Formel

## Comparing Mortgage Insurance Types

Different loan programs have different insurance structures. Understanding the total cost helps choose the most affordable option.

### Conventional PMI

- Rate: 0.3% to 1.5% annually based on LTV and credit
- No upfront fee
- Drops off at 80% LTV (can request) or 78% LTV (automatic)

### FHA MIP

- Upfront: 1.75% of loan amount (usually financed)
- Annual: 0.15% to 1.05% depending on term, LTV, and amount
- Required for life of loan if down payment < 10%

### USDA Guarantee Fee

- Upfront: 1.0% of loan amount
- Annual: 0.35% of loan amount
- Required for life of loan

Lösungsbeispiel

A $300,000 loan on a $333,333 home (90% LTV). Compare over 10 years.

  1. LTV: $300,000 / $333,333 = 90%
  2. Conventional PMI: $300,000 x 0.55% / 12 = $137.50/month
  3. Conventional 10-year total: $137.50 x 120 = $16,500
  4. FHA UFMIP: $300,000 x 1.75% = $5,250
  5. FHA monthly MIP: $300,000 x 0.55% / 12 = $137.50/month
  6. FHA 10-year total: $5,250 + ($137.50 x 120) = $21,750
  7. USDA upfront: $300,000 x 1% = $3,000
  8. USDA monthly: $300,000 x 0.35% / 12 = $87.50/month
  9. USDA 10-year total: $3,000 + ($87.50 x 120) = $13,500