Mortgage protection gap
If something happens to you, would your family be able to keep the house?
Your gap
$200k
You'd need to add $200,000 in coverage to fully protect the mortgage.
Estimated cost to close the gap
$22 – $39/mo
Level 30-year term, ~$200,000 face amount.
Could your spouse carry the mortgage alone?
No — spouse income supports ~$1167/mo, mortgage is ~$1800/mo
Level term vs. lender mortgage protection
- Level term: payout stays constant. Lender MPI: payout decreases as mortgage paid down.
- Level term: your family is the beneficiary. Lender MPI: the lender is.
- Lender MPI typically costs 20–40% more for equivalent early-year coverage.
Save your gap analysis
Raphael Hertz, NPN 22170072. Licensed insurance producer in all 50 states and DC. Estimates shown are not binding quotes — actual rates depend on health, carrier, and underwriting. Coverage and product availability vary by state and carrier.