PHABâs Five Tier Accreditation Fee Schedule will be published annually. The Initial Accreditation Review Fee is based on services provided by staff, peer reviewerâs travel and training, the subscription to e-PHAB, and the accreditation coordinatorâs in-person training.
Now on a 100,000 loan on a 15 year term at 90% LTV you might be required to have 12% coverage for your PMI (which would equal a PMI payment of $19.17 per month).Therefore, by using a 15 year term vs. a 30 year term you may be able to cut your PMI by less than half.nytime you are over 80% LTV and you are required to pay PMI and you obtain a 15 year fixed rate mortgage, the percentage of coverage required for PMI is significantly lower than the percentage required for a 30 year mortgage.
Six Good Reasons to Avoid PMI. 1  Cost-Private mortgage insurance typically costs between 0.5% to 1% of the entire loan amount on an annual basis. 2  On a $100,000 loan this means the homeowner could be paying as much as $1,000 a year, or $83.33 per month-assuming a 1% PMI fee.or a couple with a $250,000 loan and a $2,500 annual PMI payment (1% of the outstanding loan), this deduction could translate into savings of $300 to $400 dollars or more (depending upon the couple's tax bracket). Also private mortgage insurance often can be paid up front.