Mortgage Insurance Calculator

Calculate the cost of mortgage life and disability insurance coverage.

Mortgage Details

$
years

Applicant Details

Coverage Options

Insurance Summary

Monthly Premium

$56

Total monthly cost

Annual Premium

$672

Total yearly cost

Coverage Amount

$400,000

Initial coverage

Premium Rate

0.2%

Of mortgage amount

Premium Breakdown

Base Life Insurance:$56.00/mo

About Mortgage Insurance

Mortgage insurance helps protect your family by:

  • • Paying off your mortgage if you pass away
  • • Covering payments if you become disabled
  • • Providing support during critical illness
  • • Helping during temporary job loss

Consider comparing with individual life insurance for potentially better value.