You're right Patricia, much better for him to bear the cost in money, time and aggravation then taking the relatively simple step of filing a claim with the company that accepted a premium in return for issuing insurance for this matter. 

"Risk premium" being the fancy finance term for it - "how much more must I pay for this home b/c I am viewed as higher risk?"

@Kalib Williams you can put 3% down and the plus is that you’re not paying for upfront mortgage insurance premium like with FHA.

You guys used to at least TRY to edit out most foul language, but you didn't even try on this one. 

Also, intergenerational living/house hacking is on the rise, so this house should command a premium into the future. 

I've always included furniture, house supplies, house cleaning, etc. and can charge a premium to cover all of it.

What premium over the same size units do you think I should charge. will be able to rent at a premium as EV car owners now have already asked. 

When getting termite treatment often you can get a year to year warranty/insurance/guarantee to retreat if they come back for free or the annual premium. 

Your loan amount and monthly payment would be based on $370k minus the 3.50% down payment plus the 1.75% up-front mortgage insurance premium.

:Don't forget to mention the "not dying before maturity" issue, in case the OP has family.I don't understand what you mean by that, as for permanent life insurance, the sooner you die, the more return on your premium you get.As soon as you sign your policy and payed your first premium you get your full life insurance coverage.