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Is MOB always a benefit to consumers????

Premium charge difference is minimal on non-real estate "average" consumer transaction.
How to value the "benefit" when the principal balance does not decrease during the insurance term during real estate transactions?
How does early payoff affect the relationship between MOB and single premium.

How does early payoff affect the relationship between single premium and MOB premium calculations?

$10,000 Cash Amount
12% simple interest
60 payments

Single Premium Net Payoff - $.65/$100/yr = $1.06557 per $1000 per month
MOB Premium = $1.00 per $1000 per month

As of Payment No.	Earned Single Premium	Earned MOB Premium

12	$123.36	$111.86
30	$266.75	$242.71
54	$364.77	$333.14

What about states where MOB premiums will be
greater than single premium net payoff coverage?

Home Equity Loans	California			Montana			Viriginia
	Single Premium	MOB	Diff.	Single Premium	MOB	Diff.	Single Premium	MOB	Diff.
180 Mos / $50,000
Premium Amount	$2,482.46	$2,988.46	($506.00)	$3,981.12	$4,713.88	($732.76)	$2,865.80	$3,488.57	($622.77)
Interest Amount	$60,894.14	$58,593.54	$2,300.60	$62,633.68	$58,920.12	$3,713.56	$61,338.80	$58,689.23	$2,649.57



	Single Premium	MOB	Diff.	Single Premium	MOB	Diff.	Single Premium	MOB	Diff.
180/60 Mos $50,000
Premium Amount	$1,320.60	$1,432.69	($112.09)	$2,097.10	$2,258.00	($160.90)	$1,564.08	$1,671.67	($107.59)
Interest Amount	$59,546.80	$58,957.71	$589.09	$60,447.90	$59,435.60	$1,012.30	$59,828.92	$59,067.93	$760.99

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