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You do not pick the home loan insurer and you can not work out the costs. Simply put, when acquiring or refinancing a home with a conventional mortgage, if the loan-to-value (LTV) is greater than 80% (or equivalently, the equity setting is much less than 20%), the debtor will likely be called for to carry personal home loan insurance coverage. It seems unAmerican, but that's what happens when you obtain a home loan that surpasses 80 percent loan-to-value (LTV).