Question 5 of 39
Malcolm is buying a $162,500 home with a 30-year mortgage. He makes a
$12,500 down payment.
Use the table to find his monthly PMI payment.
Base-To-Loan % 30-year fixed-rate loan 15-year fixed-rate loan
0.55%
0.37%
0.41%
0.28%
0.30%
0.19%
0.19%
0.17%
95.01% to 97%
90.01% to 95%
85.01% to 90%
80.01% to 85%
OA. $68.75
OB. $51.25
OC. $35.00
OD. $55.52
