A borrower with a 710 credit score is buying a

$451,900

home with

90%

LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is

0.78%

for a

30%

coverage policy. The borrower's monthly premium payment is?\ Note: the question is asking for the monthly premium only, not the loan payment + premium.\ (Input your answer rounded to the nearest whole penny and without the

$

sign, e.g., 1000.01)

A borrower with a 710 credit score is buying a $451,900 home with 90% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 0.78% for a 30% coverage policy. The borrower's monthly premium payment is? Note: the question is asking for the monthly premium only, not the loan payment + premium. (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01)