Upfront Private Mortgage Insurance

1. Mortgage Consultant
Kevin R. Evanoff
kevinevanoff@inlanta.com
kevinevanoff.inlanta.com
Pewaukee WI 53072
W239 N3490 Pewaukee Rd. Suite 102
Inlanta Mortgage
262-513-9860
414-640-3912
262-696-5042
Fax
Cell
Direct
NMLS #251486
How Private Mortgage
Insurance (PMI) is written can
affect the purchase power of a
client!
The Scenario: $200,000 Loan Amount, 95% LTV, 761 Fico
Score, 4.5% 30-Yr Fixed, Primary Residence, 4.77% APR.
Monthly PMI vs. Upfront PMI
P&I: $963 $963
Insurance: $65 $65
Taxes: $350 $350
PMI (.54%): $86 $0*
Total: $1,464 $1,378
*Upfront cost is 1.85% or $3,515. This can be paid by buyer, a seller credit,
lender, or potentially financed.
This would allow the buyers to have up to
$17,000 of additional purchase
power. That's a new purchase price of
$217,000!
At Inlanta Mortgage, we take pride in disclosing all the
options available to buyers to make sure they are getting
the best possible loan!
Could Your Buyers
Afford More Home?
INLANTA MORTGAGE, Inc. NMLS #1016 Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.