However, the annual mortgage insurance charge is only 0.5 % of the remaining balance and is spread over the following 12 payments. (madisonmortgageguys.com)
Granted, if you use a conventional mortgage loan with less than a 20 % down payment, you will also face mortgage insurance charges. (homebuyinginstitute.com)
You DO have to pay a monthly mortgage insurance charge, but you own your own home, and you probably are getting a very reasonable interest rate. (firsttimehomefinancing.com)