Question: are all pmi rates the same?
Answer: PMI premiums can range from 0.2% to over 1% of the loan amount per year, paid in monthly installments. As an example, a $200,000 loan amount at an annual premium of 0.5% would cost $83 per month. PMI payments are heavily based on credit score. ... The same borrower with a 740 score would pay just over $100 per month.