PMI reference
PMI Rate Table
Illustrative annual PMI rates (% of loan balance). Actual premiums vary by lender, insurer, and loan program. PMI is typically required when down payment is under 20% and drops once LTV reaches 80%.
| Down payment | FICO 760+ | FICO 740–759 | FICO 720–739 | FICO 700–719 | FICO 680–699 | FICO 660–679 | FICO 620–659 | No FICO |
|---|---|---|---|---|---|---|---|---|
| Under 5% | 0.70% | 0.80% | 0.90% | 1.00% | 1.15% | 1.30% | 1.50% | 1.00% |
| 5% – 9.99% | 0.53% | 0.60% | 0.68% | 0.75% | 0.86% | 0.98% | 1.13% | 0.75% |
| 10% – 14.99% | 0.32% | 0.36% | 0.41% | 0.45% | 0.52% | 0.59% | 0.68% | 0.45% |
| 15% – 19.99% | 0.21% | 0.24% | 0.27% | 0.30% | 0.35% | 0.39% | 0.45% | 0.30% |
Illustrative PMI annual rates (%) by down-payment band and FICO. Not a quote from any insurer.
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