Which Private Mortgage Insurance (PMI) option has the lowest total cost?

B

It depends on how long you retain the loan. Single-premium PMI can cost less overall, but only if you keep the loan long enough to break even on the upfront payment. <a

href=”https://informedmortgage.com/monthly-vs-single-premium-pmi-which-one-is-right-for-you/”>Click Here</a> for a link to our credit blog post with more information on this commonly asked question.