Marvin is purchasing a $142,000 home with a 30-year mortgage. He will make
a $17,000 down payment. Use the table below to find his monthly PMI
payment
Base-To-loans
Fixed-Rate Loan
30 yrs 15 yrs
ARM 2% + 1 Year Cap
30 yrs 15 yrs.
95.01% to 97%
0.90%
0.79%
na
na
90.01% to 95%
0.78%
0.26%
0.92%
0.81%
85.01% to 90%
0.52%
0.23%
0.65%
0.54%
85% and Under
0.32%
0.19%
0.37%
0.26%
O A. $52.90
O B. $54.17
O C. $56.23
O D. $650
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