Insurance — Mortgage

: The most common form, paid as a monthly fee added to your mortgage payment.

: A one-time lump sum payment made at closing to avoid monthly fees. How Much It Costs MORTGAGE INSURANCE

Premiums typically range from of the original loan amount annually. Factors affecting your rate include: : The most common form, paid as a

PMI: A Full Guide to Private Mortgage Insurance - Chase Bank : The most common form

: The lender pays the premium upfront, but you pay a higher interest rate over the life of the loan.