Private Mortgage Insurance. Justin's new FHA mortgage is for $133,400. How much will his overall mortgage increase with an upfront fee of 1.3%? How much will his total mortgage be with the upfront PMI fee added? Will Justin always pay PMI on this loan? Justin's mortgage will increase by $ 1734.2. (Round to the nearest cent.) With the upfront PMI fee added, Justin's total mortgage will be $ 135134.2. (Round to the nearest cent.) Will Justin always pay PMI on this loan? (Select the best answer below.) A. Yes, if a PMI fee is added to a mortgage, the borrower must pay it until the mortgage is repaid in full. B. No, when the value of Justin's equity reaches 20% of the home's value he will no longer be required to pay PMI. O c. No, when the value of Justin's equity reaches 10% of the home's value he will no longer be required to pay PMI. OD. No, when the value of Justin's equity reaches 50% of the home's value he will no longer be required to pay PMI