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PMI Calculator (Quick Estimate)

This page gives a practical way to estimate private mortgage insurance (PMI). Most conventional loans charge PMI when your down payment is below 20%.

Quick estimate: Annual PMI = loan amount × PMI rate, then divide by 12 for a monthly estimate. A common range is 0.3% to 1.5% depending on credit, down payment, and loan profile.

PMI Calculator

Estimate

Estimated monthly PMI: $0

Estimated annual PMI: $0

How to Use This Estimate

  • Start with your loan amount after down payment.
  • Apply 0.5%–1.0% for a conservative first estimate.
  • Add the monthly amount to PITI for realistic budgeting.

PMI Removal Basics

Federal rules generally require automatic PMI termination at 78% loan-to-value under certain conditions. You can often request cancellation around 80% LTV if payment history and other requirements are met.

Use the Mortgage Calculator and Amortization Calculator to model your PMI timeline.