Rate Programs
Monthly Premiums & ZOMP!

You can dramatically reduce closing costs with MGIC's Monthly Premiums & ZOMP! (Zero-Option Monthly Premium).

With Monthly Premiums only the first month's premium is due at closing, and with our ZOMP! program no premium is due at closing. (MGIC bills monthly in arrears for premiums. Refunds are made on a pro rata basis.)

To determine monthly premium, multiply the applicable premium rate by the loan amount and divide that product by 12. Round the premium to the nearest penny.

View our rate card page for current National and New York Monthly Premium rates, or calculate rates using MGIC's Rate Finder. For more information, contact your MGIC Account Manager.