Home Loans · Calculator
PMI Calculator
Estimate monthly PMI cost, loan-to-value ratio, and when PMI may be cancelled.
Your inputs
Your results
LTV
95.0%
Monthly PMI
$142.50
0.45% / yr
Payment with PMI
$2,607.17
Payment without PMI
$2,464.67
Auto-cancel point
Month 127
~Year 10.6 (78% LTV)
Total PMI to cancel
$18,097
PMI is typically required on conventional loans when LTV exceeds 80%. You can request cancellation at 80% LTV based on the original schedule and lenders are required to auto-terminate at 78% LTV under the Homeowners Protection Act.
Reaching the cancellation point faster is possible by paying down principal or by an appraisal showing higher home value. PMI rates depend on credit, LTV, and loan type.
Explore home loan options tailored to your criteria
Based on your home price, location, income, credit range, down payment, and goals, Finance Choices can help you compare mortgage, refinance, home equity, FHA, VA, and other home loan options from relevant partners.
Finance Choices calculators and simulators are for educational and informational purposes only. Results are estimates and may not reflect your actual loan terms, insurance premium, credit eligibility, interest rate, savings, repayment timeline, approval odds, or total cost. Finance Choices does not provide legal, tax, insurance, mortgage, or financial advice. Partner offers may vary based on credit profile, income, debt, location, property details, insurance history, lender criteria, underwriting guidelines, and other factors.