抵押贷款保险计算器
计算抵押贷款保险的月度和年度费用。
Conventional PMI Total
$16,500
Conventional PMI Total vs Comparison Period
公式
## 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
计算示例
A $300,000 loan on a $333,333 home (90% LTV). Compare over 10 years.
- 01LTV: $300,000 / $333,333 = 90%
- 02Conventional PMI: $300,000 x 0.55% / 12 = $137.50/month
- 03Conventional 10-year total: $137.50 x 120 = $16,500
- 04FHA UFMIP: $300,000 x 1.75% = $5,250
- 05FHA monthly MIP: $300,000 x 0.55% / 12 = $137.50/month
- 06FHA 10-year total: $5,250 + ($137.50 x 120) = $21,750
- 07USDA upfront: $300,000 x 1% = $3,000
- 08USDA monthly: $300,000 x 0.35% / 12 = $87.50/month
- 09USDA 10-year total: $3,000 + ($87.50 x 120) = $13,500
常见问题
Which loan type has the cheapest mortgage insurance?
USDA loans typically have the lowest mortgage insurance cost (1% upfront + 0.35% annual). Conventional PMI varies widely by credit score but can be competitive, especially since it drops off at 80% LTV. FHA MIP tends to be the most expensive over the loan life due to the upfront fee and lifetime duration.
Can I cancel FHA mortgage insurance?
With less than 10% down, FHA MIP lasts the life of the loan. Your only option is to refinance into a conventional loan once you reach 80% LTV. With 10% or more down, MIP drops after 11 years.
Does PMI cost depend on my credit score?
Yes, significantly. A borrower with a 760+ credit score might pay 0.3% annually, while a borrower with a 680 score might pay 0.8% or more. Improving your credit score before buying can save thousands in PMI costs.