1 Premium rate assumes 30-Year Fixed Rate, Primary Residence, Loan Amount ≤ $417,000, Non-Refundable, and Level Renewals.
2 5-Year savings is a combination of no upfront MI with Essent, lower monthly payments and the equity difference at year 5. In addition, the 5-Year savings assumes 0% return on borrower savings; actual advantage may be greater.
3 Total Loan Amount assumes financing of FHA’s upfront premium into the mortgage balance.
For our complete guidelines and rates, please visit www.essent.us.
This calculator is not an underwriting tool. It is a loan scenario comparison tool, programmed with only a few key eligibility rules, provided for use by mortgage professionals only. Although Essent believes that the calculations it performs will be accurate, the results are not warranted and should not be relied upon for borrower qualification, MI eligibility, GSE acceptance or future home value. Some LTV and credit score scenarios may be unavailable in certain markets. Essent premium rates are effective April 4, 2016, subject to state and regulatory approval and may change in the future. FHA premium rates are effective January 26, 2015. Please visit www.fha.gov for the latest available FHA information.