If you pay these items monthly as part of your mortgage payment, there are typically two months of the premium due at closing, in addition to any unpaid premiums. (onqfinancial.com)
Even though private mortgage insurance protects the lender, the cost of the premiums is paid for by the borrower and is usually part of their mortgage payment. (valuepenguin.com)
Initially, the largest part of your mortgage payment will be dedicated towards paying off the interest. (pennymacusa.com)