The cost of PMI is typically expressed as an annual percentage of the total loan amount, which is then divided by 12 and added to your monthly mortgage statement.
There are several ways to structure PMI payments, depending on your lender and financial goals: What is private mortgage insurance? what is pmi when buying a home
Most borrowers pay between 0.22% and 2.25% of the original loan amount per year. The cost of PMI is typically expressed as