Rate Programs
Level Annual

Level annual premiums feature identical first year and annual renewal rates.

• Pay the first-year premium in full at closing with funds collected from the borrower.
• Collect 1/12th the amount of the annual renewal premium with each monthly mortgage payment.
• Remit the premium to MGIC annually.

All refunds are made on a pro rata basis. MGIC bills on an annual basis for these premiums.

View our rate card page for current Level Annual rates, or calculate rates using MGIC's Rate Finder - Plus.