Mortgage Insurance -

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

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