USAPrivate Mortgage Insurance (PMI)Finance & SalaryUS Private Mortgage Insurance (PMI) Monthly Cost & Cancellation Calculator
Calculate your monthly and annual Private Mortgage Insurance (PMI) fee on conventional home loans with less than 20% down payment, and see when your loan balance hits the 78% LTV automatic cancellation threshold.
Calculator Inputs
Live Real-TimeMonthly Private Mortgage Insurance (PMI) Fee
Total Annual PMI Cost ($/year)
3,800 $/mo
Principal Paydown Needed to Reach 20% Equity
60,000 $/mo
Detailed Calculation Breakdown
Calculation Methodology
Loan Amount = Home Price - Down Payment. LTV = (Loan Amount / Home Price) * 100. Annual PMI = Loan Amount * (PMI Rate% / 100). Monthly PMI = Annual PMI / 12.
Important Legal & Educational Disclaimer
Under the Homeowners Protection Act of 1998, PMI automatically terminates once your principal loan balance reaches 78% of original home purchase value.
This calculator is designed for educational and informational purposes only based on public statutory frameworks. The outputs do not constitute binding financial, tax, or legal advice. We assume no liability for decisions made based on these estimations. Always verify with the relevant official authorities or a certified professional advisor.
Frequently Asked Questions
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