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pay to much PMI. formula used? Loan 148 Int 6.7%. for 8yrs

  • October 04 2012 - Baltimore
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Answers (3)

I am having difficulty seeing what the question is.

 Are you asking what the new formula for PMI is on all new loans assigned April 9, 2012 and after? The UFMIP rate, which is included in the loan, will change from 1.00% to 1.75% of the loan amount. The MIP rate will change from 1.15% to 1.25% of the loan amount.
  • October 04 2012
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pay 180 a month for PMI on 148 loan? Interest 6.7% tring to get a refi.
  • October 04 2012
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OUCH...6.7%?
  • October 04 2012
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