PMI Analysis

See how using a second mortgage vs. Private Mortgage Insurance can make a life changing difference in your financial future.

This report will allow you to analyze the impact of paying Private Mortgage Insurance versus not paying Private Mortgage Insurance by combining a first and second mortgage.

1. Loan Program Details – This summary table displays two loan programs. The first program requires an additional payment called Private Mortgage Insurance (PMI) because the loan-to-value ratio is higher than 80%. The second program has no PMI requirements because the first mortgage has a loan-tovalue ratio of 80%. A second mortgage is added instead to make up the difference. This strategy results in increased equity, higher tax deduction, and often lower monthly payments.

2. Additional Home Equity – As you compare both loan programs, take notice of the additional home equity, which builds over time. Note the increase over these listed years! Why pay more for a mortgage program that generates no additional home equity and provides for potentially less tax benefits?

3. Tax Benefits – This feature will give you an estimate of the monthly savings that tax benefits can bring you in both scenarios, with and without PMI. The additional tax benefits of the second program outweigh those of the first program with PMI. We advise that you give this information to a tax consultant for an even more accurate picture.

4. Notes – Your mortgage debt planner can give you messages and additional information that can have positive, lifechanging impact on your financial picture.