What is the monthly payment after PMI is dropped?

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02-03-2022
Mathematics

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What is the monthly payment after PMI is dropped?

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Анонимidn Анонимidn · Answer 1 · 2022-03-02T23:47:22-05:00

Анонимidn Анонимidn

02-03-2022

Answer:

The lender or servicer must automatically terminate PMI when your mortgage balance reaches 78 percent of the original purchase price — in other words, when your loan-to-value (LTV) ratio drops to 78 percent.

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