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What is private mortgage insurance (PMI)? – Financial Toolbelt – PMI stands for private mortgage insurance and is an extra fee you pay along with your. A big concern with any loan is how much will it cost you per month. PMI.
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Look at the lender’s PMI table. Lenders figure out how much PMI you need to pay by consulting the chart. For example, an LTV of 90 percent may warrant a PMI of 0.0075 percent.
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