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what is the mortgage insurance rate for conventional loans 201 Thailand RESULTS 5 Types of Private Mortgage Insurance (PMI) 2021 Lottery Insurance and Jackpot Coverage The average cost of private mortgage insurance, or PMI, for a conventional home loan ranges from 0.58% to 1.86% of the original loan amount per year, according to Genworth Mortgage Insurance, Ginnie Mae and the Urban Institute. The calculator estimates how much you'll pay for PMI, which can help you determine how much home you can afford. Solutions for Prize Indemnity risks Many borrowers don’t mind paying PMI if it means they can buy a house sooner. But if the added cost of PMI pushes you over your monthly budget, you may want to shop in a lower price range or postpone homebuying until your financial situation improves. The PMI calculator starts by asking for the price of the home you want to buy and your anticipated down payment amount to calculate a down payment percentage. If thi...