US mortgages
How US mortgages, PMI and amortization work, with worked examples.
- US mortgages
PMI explained: what it costs and when it ends
What private mortgage insurance is, how it is priced, the 80% and 78% cancellation rules for conventional loans, and a worked example of when PMI can end.
- US mortgages
How mortgage amortization works (with a worked example)
Learn the amortization formula, see a $320,000 30-year mortgage worked through month by month, and find out how extra payments change the schedule.