Financial Tools
PMI Calculator
What private mortgage insurance costs each month, when the balance reaches the 80% you can ask to cancel at, and when the servicer has to drop it on its own.
Home Price
Down Payment
Interest Rate (%)
Term
PMI Rate (% of the loan a year, from your Loan Estimate)
Extra Principal per Month (optional, moves the 80% date)
Values shown are examples. The cancellation rules here are the federal ones for a conventional loan under the Homeowners Protection Act of 1998. FHA mortgage insurance follows different rules and often lasts the life of the loan.
PMI on This Loan
| PMI per Month | $0 |
| Principal and Interest | $0 |
| Payment With PMI | $0 |
| Loan Amount | $0 |
| Loan to Value | n/a |
| Reaches 80%, You Can Request Cancellation | n/a |
| Reaches 78%, Automatic Cancellation | n/a |
| 80% With Your Extra Payment | n/a |
| PMI Paid if You Never Ask | $0 |
| Saved by Asking at 80% | $0 |
| Extra Down Payment to Avoid PMI | $0 |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
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