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Annual Premiums

Standard Annual Premiums

MIF Coverage Loan to Value Ratio Reduces Exposure To 1st Year Premium Refundable Renewal Premium
Declining/Constant
28% 97.01 - 100% 72% 1.60 0.47 - 0.47
26% 96.01 - 97% 72% 1.50 0.45 - 0.45
25% 90.01 - 96% 72% 1.05 0.49 - 0.49
20% 85.01 - 90% 72% 0.45 0.34 - 0.34
17% 80.01 - 85% 71% 0.30 0.34 - 0.34

  • Loans must Fully Amortize in 30 years.

  • Standard Renewal Premium is an annual rate applied to the outstanding balance upon renewal years two through term.

  • Constant Renewal Premium is an annual rate applied to the original loan amount for years two through ten. For years 11 through term, the rate is reduced by 0.10%.

  • The "Reduces Exposure To" calculation is based on the highest Loan to Value Ratio in each category.

Last updated: 8/10/2012