CMG MI's Payment Estimator

Identify the home financing option that
makes the most sense for your Member

There are few bigger decisions than buying a home. Your Member needs to know if they’re ready. CMG MI's Payment Estimator can help show them what the various financing options mean for their monthly budgets.* Experiment by changing scenarios for interest rates, loan terms, LTVs and more:

• Compare various mortgage insurance plans to an 80% LTV first loan with a purchase money second
• Compare Single Premium plans, with premium financed into the loan or paid up-front
• Annualized monthly rates let you easily compare monthly to annual plans

Plus ... Use our New Claim Comparison Feature!

The Payment Estimator's Claim Comparison feature allows you to see how CMG MI mortgage insurance can help protect your Credit Union from the full exposure should a mortgage loan go to claim.

To use the Claim Comparison, go to the Payment Estimator. After completing the required fields and reviewing the Comparison results, click on the Claim Example button.

You will then see a comparison of how the selected mortgage insurance products and financing options may impact your Credit Union should the borrower default.

• Create what-if scenarios that quantify the value of MI to your Credit Union in a claims situation
• Compare loans with mortgage insurance against loans financed by second mortgages

Access our Payment Estimator here.

*Please note: Rates displayed by the Payment Estimator are only approximate and should not be used to process a mortgage loan with mortgage insurance. Estimates produced by the Payment Estimator do not constitute a representation, commitment or guarantee that CMG MI will provide mortgage insurance coverage for a particular loan or that the actual premium rate applicable to a particular loan will be the same as shown by the Payment Estimator. A coverage determination will be made and the applicable premium will be provided for particular loans at the time they are underwritten by CMG MI and CMG MI issues a certificate for such loans. CMG MI’s Updated Rate Quote provides accurate, up-to-date CMG MI rates and should be used to process mortgage loans insured by CMG MI.

CMG MI's Rate Quote

Quote. Compare. Order.
Select the best MI plan for your Member
and order it right away!

When mortgage insurance is your Members' best option, save time in processing by using our Rate Quote.

• Compare 5 MI premium plans at once
• Choose the best one for your Member
• Order it from e-cmgmi without having to reenter data

CMG MI's Rate Quote incorporates the flexibility you need for today’s changing mortgage market:

• 40-year amortization term available
• Rate Quote can identify whether a property is in a distressed market and offers guidance
• Many loan programs available
• Rate Quote always reflects the latest CMG MI rates!

Access our Rate Quote tool here.