Rate Programs
Split Premiums
Standard A and A- Split Premium plans combine an up-front premium with monthly premiums. The up-front premium is due at closing, and the monthly premium is billed by MGIC beginning the month the first payment is due from the borrower. Possibilities with this rate structure include:
- borrower finances the up-front portion to lower their overall monthly payment
- builder or seller pays the up-front portion to facilitate a sale
The most current Split Premium rates are available:
Split Premium rates for reduced documentation loans:
Or calculate rates using MGIC's Rate Finder.