PMI costs vary from insurer to insurer, and from plan to plan. Example: A highly leveraged adjustable-rate mortgage requires the borrower to pay a higher premium to get coverage. Buyers with a 5% down payment can expect to pay a premium of approximately 0.78% times the annual loan amount, $92.67 monthly for a $150,000 purchase price. But, the PMI premium would drop to 0.52% times the annual amount, $58.50 monthly if a 10% down payment was made.
At NXT LVL Lending, we believe that buying a home or refinancing should be an empowering experience, not an overwhelming one. With over 20 years in the industry and a deep understanding of our local market, we’re here to make your mortgage journey clear, simple, and successful. Based in Miami, FL, our team of experienced brokers is dedicated to providing tailored mortgage solutions that meet the unique needs of our clients.
Company NMLS: 2471162
www.nmlsconsumeraccess.org
10625 N. Kendall Dr
Miami, FL 33176
Phone: 3059678159
team@nxtlvllending.com
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