PMI fees are generally expressed as a percentage of the loan amount. They can range from about 0.3% to 1.15% of the amount being borrowed. This is the amount you pay each year. (Example: a $300,000 home loan with an annual insurance rate of 0.5% would have $1,500 added onto it every year.ut in most cases, a down payment below 20% brings the added cost of PMI. In 2014, the cost of private mortgage insurance ranges from 0.3% to 1.15% of the base loan amount, on average.
1. the pressure exerted by the earth's atmosphere at any given point. 2. a value of standard or normal atmospheric pressure, equivalent to the pressure exerted by a column of mercury 29.92 in. (760 mm) high, or 1013 millibars (101.3 kilopascals). Also called barometric pressure. [1655â65].
Atmospheric pressure is defined as the force per unit area exerted against a surface by the weight of the air above that surface.In the diagram below, the pressure at point X increases as the weight of the air above it increases.t sea level, the weight of the air above this unit area would (on average) weigh 14.7 pounds! That means pressure applied by this air on the unit area would be 14.7 pounds per square inch. Meteorologists use a metric unit for pressure called a millibar and the average pressure at sea level is 1013.25 millibars.