PMI Calculator
Estimate your monthly private mortgage insurance cost and find out when you can have it removed.
Your Loan Details
Enter your home price and down payment.
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Typical range: 0.5%–1.5% of loan amount annually
Enter your details
PMI is required when your down payment is less than 20%.
About PMI
PMI protects the lender — not you — if you default. It's typically required when your loan-to-value ratio exceeds 80% (i.e., down payment under 20%). The Homeowners Protection Act requires automatic cancellation at 78% LTV based on original schedule, and you can request removal at 80% LTV once you've demonstrated equity through payments or appreciation.