Private mortgage insurance or FHA-insured? Mortgage insurance from Genworth may provide more benefits. Discover the advantages of Genworth MI and why it may be the better choice for your borrower – and for you.
MI vs FHA - draft
FEATURES
- Interest rate
- Loan amount
- Loan term (Years)
- Upfront MI amount
- Upfront MI premium amount
- Total loan amount
- Monthly MI premium
- Monthly MI premium amount
90% LTV
FHA
Genworth
MI
Credit Score 760- 3.375%*
- $200,000
- 30
- 1.75%
- $3,500
- $203,500
- 0.80%
- $133.33
- 3.75%
- $200,000
- 30
- 0%
- $0
- $200,000
- 0.30%
- $50.00
97% LTV
FHA
Genworth
MI
Credit Score 760- 3.375%*
- $200,000
- 30
- 1.75%
- $3,500
- $203,500
- 0.85%
- $141.67
- 3.75%
- $200,000
- 30
- 0%
- $0
- $200,000
- 0.55%
- $91.67
95% LTV
FHA
Genworth
MI
Credit Score 760- 3.375%*
- $200,000
- 30
- 1.75%
- $3,500
- $203,500
- 0.80%
- $133.33
- 3.75%
- $200,000
- 30
- 0%
- $0
- $200,000
- 0.41%
- $68.33
HomeReady
97% LTV
FHA
Genworth MI
- 3.5%*
- $200,000
- 30
- 1.75%
- $3,500
- $203,500
- 0.85%
- $141.67
- 4.00%
- $200,000
- 30
- 0%
- $0
- $200,000
- 0.37%
- $61.67
- 4.00%
- $200,000
- 30
- 0%
- $0
- $200,000
- 0.54%
- $90.00
Comparisons based on $200,000 loan amount and Genworth national fixed rate mortgage insurance premiums.
*Assumes .375% additional rate to cover GSE fees. **Lenders and borrowers should review investor guidelines regarding cancellability of MI.
The Mortgage insurance rates and monthly payments generated, and all FHA information, are only estimates and make certain assumptions. FHA rate and premium information reflects amortization of the outstanding loan balance, while the Genworth rate and premium information is based upon amonthly Constant Renewal Premium calculation. Rates shown are subject to change without notice. The Total Monthly Payment figures shown do not include taxes, homeowner insurance or assessments. Estimated number of months to cancellation is based on normal amortization and does not reflect specific product terms or investor requirements.