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In most cases, you can safely estimate your monthly insurance premium at .50 per month, per thousand dollars of insurance coverage. For estimation purposes, you should use the asking price of the home.
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This payment is only an estimate. Loan programs vary and require an additional monthly mortgage insuring premium. This calculator is intended as a helpful tool for you while searching for a home on your own. When you are serious about determining your exact payment, please allow me to refer you to a local mortgage lender.
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