MI Basics
Calculating Rates

You can calculate rates online with Rate Finder or do it the old-fashioned way with a Rate Card, calculator and a pencil. But before you get too far, you'll need a few pieces of information at hand:

1. the rate program you've elected for your borrower
2. the mortgage loan program, e.g., fixed-rate or adjustable rate (see our Underwriting Guide, section 3.06, for additional eligible loan programs)
3. the loan term
4. if you select a ZOMP! or Monthly Premiums as your rate program, you'll need to decide whether the premium should be refundable
5. the LTV (loan-to-value ratio)
6. the amount of coverage required, and
7. the loan amount