PMI Calculator

Calculate monthly Private Mortgage Insurance and when you can cancel it.

Home Price ($)

Loan Amount ($)

Interest Rate (%)

PMI Rate

Monthly PMI

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Cancel Month

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Total PMI Paid

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Current LTV

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Equity Needed

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How it works

By federal law (Homeowners Protection Act of 1998), PMI on conforming loans is automatically removed when the loan reaches 78% LTV based on original schedule. You can also request removal at 80% LTV. FHA loans have different mortgage insurance rules.

For informational purposes only. Not financial advice.