how much can pmi save on taxes
PMI fees vary from around 0.3 percent to about 1.5 percent of the original loan amount per year, depending on the size of the down payment and the borrowerâs credit score. It remains to be seen whether PMI premiums will continue to be tax-deductible. The PMI deduction expired in 2016, and the federal tax code is in flux as the Trump administration tries to overhaul it. Why wait to buy the house you want? Mortgage rates are low, so compare loans today.