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].
But the inch is really not a unit of pressure, or force per area. It is a unit of length. So a metric unit has been defined to describe normal atmospheric pressure, called a bar, and the instrument becomes a barometer.. Actually, normal average sea-level pressure is 1.01325 bars, or 1,013.25 millibars (mb).The millibar is a commonly used unit of pressure.o a metric unit has been defined to describe normal atmospheric pressure, called a bar, and the instrument becomes a barometer.. Actually, normal average sea-level pressure is 1.01325 bars, or 1,013.25 millibars (mb).