🎧 How to Calculate PMI

New To Podcast This Week - Over 100,000 Total Downloads*

Celebrating over 100,000 podcast downloads this week!

New podcast episode: How do you calculate PMI in when buying a property with less than 20% down payment?

If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest rate for taking on more risk and require that you pay a third party to insure them in case you default. This insurance you pay to the third party is called Private Mortgage Insurance.

But how much is it?

The easiest way to find out is to call your lender and have them calculate it for you.

But, if you insist on calculating it yourself—or you prefer to know some of the factors involved in how to lower the cost of private mortgage insurance for yourself—in this mini-class, James will walk you through how to do the calculation yourself.

Included In This Episode

• What is Private Mortgage Insurance (PMI) and why does it exist?

• The best way to get your PMI amount is to call your lender

• How to calculate PMI using a PMI rate sheet

• The factors that impact your PMI

• Plus much more...

How to Access in 3 Easy Steps

1. Click here to select your city from the list

2. Click on the PODCAST button next to your city.

3. Select your preferred podcast player (Apple, Spotify, etc) and subscribe for free.

Enjoy!

Love,

James Orr

*As of March 30, the total number of downloads across all Real Estate Financial Planner™ city-specific real estate investing podcasts for all episodes over all-time is over 100,856.