Mortgage Insurance -

: Specifically for FHA loans . These often require both an upfront payment at closing (typically 1.75% ) and ongoing monthly premiums.

: A one-time lump sum payment made at closing to avoid monthly fees. How Much It Costs MORTGAGE INSURANCE

: The lender pays the premium upfront, but you pay a higher interest rate over the life of the loan. : Specifically for FHA loans

Premiums typically range from of the original loan amount annually. Factors affecting your rate include: MORTGAGE INSURANCE

PMI: A Full Guide to Private Mortgage Insurance - Chase Bank

: The most common form, paid as a monthly fee added to your mortgage payment.