PMI Calculator

Your details

Estimate a rate from your credit band, or type the exact rate your lender quoted.
PMI rates fall as credit scores rise. Used only to estimate a rate.
Used to amortize the loan and find when the balance reaches 78% so PMI auto-cancels.
%
Currency
Monthly PMIPMI required, moderate
$99.75
Annual PMI$1,197.00
PMI rate used0.38%
Loan-to-value (LTV)90%
Monthly payment with PMI$2,090.76
PMI auto-cancels after1min 49smonths
Request removal after1min 35smonths
Total PMI paid before it drops$10,873
PMI auto-cancels at balance$273,000
90% %
PMI cancels<78Request removal78-80PMI required80-90High LTV90+

You would pay about 99.75 per month in PMI.

  • Your loan-to-value is 90%, above the 80% threshold that triggers PMI.
  • That adds roughly 1,197 to your housing costs each year, at an estimated 0.38% rate.
  • On schedule, PMI auto-cancels after about 9 years 1 months, by which point you will have paid roughly 10,873 in PMI.

Next stepPay down extra principal to reach 80% of the original price sooner and request that PMI be removed.

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