To get a good idea of what your monthly PMI would be, go to Radian, the link below, and follow the prompts, or your Loan Representative can and will assist in getting a PMI quote. Please note, monthly PMI will be required if your plans are to put less than 20% down.
On conventional financing, monthly PMI can be removed once your property has reached 78% Loan to Value(LTV), 12 months of payment must be made with no late payments, unless the note is reduced to 78% of the original sales price, reach out to your Loan Representative or lender with more details.