The usual suggested premiums for deposit insurance are, of course, far from those that would fully eliminate the subsidy that insurance provides to depository institutions and their borrowers and depositors, especially at times of financial crisis.
In the USA, housing finance is pre-dominantly of the fixed- rate long-term mortgage variety with an embedded call option in favour of borrower to pre-pay, and refinance, mortgage should interest rates decline during the maturity of the mortgage. This structure makes housing more affordable to small borrowers as they enjoy either a fixed-rate, or a lower rate.