Insurance
The mortgage-insurance premium model: the four premium structures and their effect on the payment and the closing costs.
Four structures are modelled — borrower-paid monthly, borrower-paid single premium, split premium, and lender-paid. They differ in where the cost lands: in the monthly payment, in the cash due at closing, in both, or in the rate.
A caller sends the loan and the selected structure and receives the premium schedule and the effect on the disclosed costs. Which carriers will insure the loan at all is the separate question answered by Insurance under Eligibility.
How it works
This slot is dual-listed against Eligibility on purpose. The eligibility question and the cost question have different callers — one runs during underwriting, the other during disclosure — and separating them keeps a disclosure computation from depending on a carrier round trip.
Dual listing
Insurance is filed under two categories. The other listing is Insurance under Eligibility, and the recorded specifications resolve there — its 10 operations render on that page.