How do I calculate my PMI?

PMI is calculated just like interest. Find out what the MI Factor is. Your current loan servicer should be able to tell you. Multiply the outstanding Principal balance times the MI rate. The answer is the premium for the next year. Divide the answer by twelve to get the monthly amount. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.