[nufsed]

IIRC the rate of the insurance (PMI) is fixed and does not fluctuate over the life of the loan.

Also, you can refi when you're better than 80% LTV and get rid of the PMI, but then you're paying some more loan fees to refi.

[Nathan Zachary]

I never did understand why the mortgage-ee had to pay for the banks mortgage insurance. Never will I guess. But neverthe less, anyone who gets a mortgage pays that fee, then has to go out and buy property insurance to cover the bank yet again...

[LTCJ]

I didn’t think it was necessary to refinance to drop the PMI. It’s it sufficient to demonstrate >20% equity?