LPMI is lender paid mortgage insurance.
You can either pay an upfront fee or no fee but you take a hit on your interest rate.
This is one of the cool things about doing a conventional mortgage, you just pay the fee upfront and its done.
I think the fee is somewhere around 2 percent of the loan. So a 350k mortgage it would be a 7000 upfront fee. It is a good deal.
Thats great information...I should for sure do...10% down and buy PMI directly. I will find out the information....