Using the last row as an example, for a loan term over 15 years and an LTV over 90 %, the borrower must pay an MIP the entire duration of the loan term. (centralcoastlending.com)
Though monthly payments are significantly lower here, they will last the entire duration of your loan. (centralcoastlending.com)
Even though this means a lower monthly payment, the total amount you pay in interest over the entire duration of your loan will likely be more. (lendkey.com)