PMI Removal Calculator
Calculate when you can remove Private Mortgage Insurance. See your equity milestone, estimated removal date, and total PMI cost.
Results
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Current LTV
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Monthly PMI Cost
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Months to 80% LTV
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Months to 78% LTV (auto)
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Total PMI to 80%
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Total PMI to 78%
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PMI Removal Date (80%)
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Saved by Extra Payments
Amortization Schedule
| Month | Balance | LTV % | Principal | Interest | Cumul. PMI | PMI |
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Frequently Asked Questions
When can I remove PMI from my mortgage?▾
You can request PMI removal when your loan-to-value ratio reaches 80% of the original home value. PMI automatically terminates at 78% LTV. This calculator shows exactly when you will hit these milestones.
How is PMI calculated?▾
PMI typically costs 0.5% to 1.5% of the original loan amount per year, depending on your credit score, down payment, and loan type. This calculator estimates your monthly PMI cost based on your rate.
Can extra payments help me remove PMI sooner?▾
Yes. Extra principal payments build equity faster, helping you reach the 80% LTV threshold sooner. This calculator shows how extra payments can accelerate your PMI removal date.
Is my financial data safe?▾
Yes. All calculations happen entirely in your browser. No data is ever sent to a server.