: The lender pays the premium upfront, but you pay a higher interest rate over the life of the loan.
Premiums typically range from of the original loan amount annually. Factors affecting your rate include: MORTGAGE INSURANCE
: The most common form, paid as a monthly fee added to your mortgage payment. : The lender pays the premium upfront, but
: Used for conventional loans . It can typically be canceled once you reach 20% equity in your home. MORTGAGE INSURANCE