PMI Calculation Table

PMI calculation table by credit score and LTV

The PMI calculation table below gives a planning estimate only. Actual PMI depends on loan program, property type, lender, and the final quote you receive at underwriting. Still, a table is useful because it shows the pattern: lower credit scores and higher loan-to-value ratios usually mean higher PMI.

Credit score	5% down (95% LTV)	10% down (90% LTV)	15% down (85% LTV)
760+	0.20%–0.35%	0.14%–0.25%	0.10%–0.18%
740–759	0.25%–0.40%	0.16%–0.28%	0.11%–0.20%
720–739	0.30%–0.45%	0.18%–0.30%	0.12%–0.22%
700–719	0.40%–0.60%	0.22%–0.36%	0.15%–0.25%
680–699	0.50%–0.75%	0.28%–0.45%	0.18%–0.30%
660–679	0.60%–0.90%	0.35%–0.55%	0.22%–0.35%

How to read the PMI calculation table

The PMI calculation table above shows annual rates (as a percentage of loan amount) by credit score and LTV. To estimate monthly PMI, multiply your loan amount by the rate and divide by 12. For example, a $300,000 loan at 0.50% annual rate = $1,250/year or ~$104/month. Get your exact estimate with our PMI calculator.

Understanding PMI costs across credit tiers

Credit score has a major impact on PMI. Borrowers with 760+ credit pay 25–40% less PMI than those with 680–699 scores. See detailed PMI ranges by credit score and understand how even small score improvements save money.

When can you remove PMI?

PMI removal depends on your LTV and down payment. Most borrowers can request removal at 80% LTV (20% equity); automatic removal happens at 78% LTV. Learn typical removal timelines and state-specific requirements.

Use the PMI calculation table as a comparison tool, not a final quote. For example, a borrower with a 760+ score and 10% down usually pays less PMI than a borrower with a 680 score and 5% down. The table also explains why small changes in down payment can make a big difference. Moving from 5% down to 10% down often lowers the monthly PMI cost and can make it easier to remove PMI later.

PMI calculation table example

Suppose you are buying a $350,000 home. With 5% down, your loan amount is $332,500. If your PMI rate is 0.45%, your approximate annual PMI is $1,496. About $125 per month. If the rate drops to 0.22% with a stronger credit profile or higher down payment, the monthly cost falls significantly. That is why a PMI calculation table is useful early in the process: it helps you compare whether a bigger down payment is worth it.

PMI calculation table vs actual lender quote

Your lender's quote may differ from a public PMI calculation table because each insurer uses its own risk tiers. Some lenders also adjust pricing based on occupancy, property type, and whether the loan is fixed or adjustable. The table is still valuable because it shows the direction of change. If your quote is far above the table range, it may be worth comparing lenders or increasing the down payment.

How to reduce PMI using the table

1. Raise your credit score before application if possible.
2. Increase your down payment from 5% to 10% or 15% if cash allows.
3. Compare estimated monthly PMI costs across score tiers.
4. Use our PMI calculator to estimate the removal timeline.
5. Check whether extra principal payments can shorten the PMI period.

Borrowers often ask whether the PMI calculation table matters after closing. It still does. If you know your cost today, you can make a better plan for the future. Combining the table with an equity timeline tells you both what you pay now and when you can stop paying it. That makes the table a practical planning tool, not just a research page.

When the PMI calculation table is most useful

The PMI calculation table is especially useful before you make an offer, while you are comparing lenders, or when you are deciding whether to wait and save for a larger down payment. It is also helpful if you are trying to answer a very specific question: should I accept a slightly higher payment today in exchange for a smaller PMI cost later? For many borrowers, the answer is clearer once they see the numbers side by side.

Borrower example: table-led decision

Imagine two borrowers buying the same home. Borrower A has a 760 score and 10% down. Borrower B has a 690 score and 5% down. The PMI calculation table shows that Borrower A likely pays a lower monthly amount and reaches the removal threshold sooner. That means the table is not just about cost today — it can also point to a faster exit from PMI over time.

Tips for getting a better PMI quote

• Shop more than one lender before you lock.
• Ask whether the quote uses borrower-paid or lender-paid mortgage insurance.
• Check if the loan is fixed-rate or adjustable because pricing can differ.
• See whether a slightly larger down payment changes the quote enough to be worth it.
• Use the table and your loan estimate together instead of relying on one number.

If you want the simplest workflow, start with the PMI calculation table, then move to the calculator, then compare removal timing. That sequence gives you both the cost and the exit plan. A lot of borrowers jump straight to the monthly number, but the table helps you understand how close you are to a better bracket. That is the real value of a table-based approach.

Related guides and tools

• PMI Calculator
• When Does PMI Go Away?
• How to Get Rid of PMI?
• How Long Do You Have to Pay PMI?
• PMI by Credit Score

FAQ