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**PMI Calculator** calculate the private mortgage insurance for your mortgage. Generally, banks require borrowers to pay for PMI when the borrowers
put down less than 20% in down payment or when loan-to-value (LTV) is greater than 80%. The PMI rate is usually about 0.3 percent to about 1.5 percent of the original loan amount per year depends on your credit score and other factors.
Simply enter the home value, mortgage amount, and the yearly PMI rate, and the **private mortgage insurance calculator** will get an estimated monthly PMI payment for you.

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