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Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan. The amount you pay as a down payment can influence your mortgage interest rate.

PMI is a tool to help borrowers finance homes with less than 20% down. PMI is not permanent. It terminates automatically after a number of payments, or you can request earlier cancellation under ...

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PMI protects the lender if you fail to repay your home loan. For instance, if you put 5% down on your home and then default ...

If you’re unable to make a down payment of 20% or more on a conventional mortgage, there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a ...

Most people need a mortgage to finance a home purchase. Use our mortgage calculator to estimate your monthly house payment, including principal and interest, property taxes, and insurance.