What is the monthly payment after PMI is dropped?

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asked Sep 3, 2023 178k views

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Afreeland · Answer 1 · 2023-09-07T17:00:25+0000

Answer:

The lender or servicer must automatically terminate PMI when your mortgage balance reaches 78 percent of the original purchase price — in other words, when your loan-to-value (LTV) ratio drops to 78 percent.

What is the monthly payment after PMI is dropped?

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