Your monthly loan payment consists of more than just equity and interest payments. If you didn't put down at least 20 percent when you acquired the loan, your monthly payment will likely include ...

A homebuyer might pay private mortgage insurance depending on the size of their down payment. PMI differs from mortgage insurance a borrower would pay if they use an FHA loan. Buying or selling a home ...

PMI is a tool to help borrowers finance homes with less than 20% down. PMI is not permanent. It terminates automatically after a number of payments, or you can request earlier cancellation under ...