Private Mortgage Insurance (PMI) Calculator
Estimate your monthly PMI cost and find out when you can cancel it based on your equity.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Monthly PMI = Loan Balance × PMI Rate / 12
PMI can typically be cancelled when LTV reaches 80%. The calculator shows how much more to pay down.
Frequently Asked Questions
How do I remove PMI?
You can request PMI cancellation when LTV drops to 80%, or it automatically terminates at 78% per federal law.