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].
The mercury barometer is the standard instrument for atmospheric pressure measurement in weather reporting. The decrease in atmospheric pressure with height can be predicted from the barometric formula. The unit mmHg is often called torr, particularly in vacuum applications: 760 mmHg = 760 torr. For weather applications, the standard atmospheric pressure is often called 1 bar or 1000 millibars.