Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
9am till 9pm 7 days
If your loan term is 15-years or less, then there isn't going to be any annual mortgage insurance. However if the loan term is longer than 15-years, then because your loan-to-value would be 95% or less, then the annual mortgage insurance will be 1.20% per year, or on a $120,000 loan amount that would be $120/mo.
Shane Milne | Lending in all 50 states | NMLS #81195