How Much Does Private Mortgage Insurance (PMI) Cost?

PMI costs vary from insurer to insurer, and from plan to plan. A highly leveraged adjustable-rate mortgage requires the borrower to pay a higher premium to get coverage.

Example: Buyers with a 5% down payment can expect to pay a premium of approximately 0.78% times the annual loan amount, or $92.67 per month, for a $150,000 purchase price. But, the PMI premium would drop to 0.52% times the annual amount, or $58.50 per month, if a 10% down payment was made.