Can I request early PMI removal at 80% Loan-to-Value (LTV)?

Yes. You can submit a written request to cancel PMI once your mortgage principal reaches 80% of original value, provided your payment history is on time.

How much does PMI typically cost per month?

PMI typically costs between 0.3% and 1.5% of the original loan balance annually, divided into 12 monthly payments added to your mortgage.

EUAPrivate Mortgage Insurance (PMI)Finanças

US 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.

Imóveis e Mercado Imobiliário Financiamento Imobiliário Habitação e Residencial

Dados de Entrada

Em tempo real

Home Purchase Price ($)

$/mo

Seleção rápida:

Down Payment Amount ($)

$/mo

Seleção rápida:

Borrower Credit Score Tier

Resultado CalculadoPrivate Mortgage Insurance (PMI)

Monthly Private Mortgage Insurance (PMI) Fee

316.67$/mo

Total Annual PMI Cost ($/year)

3,800 $/mo

Principal Paydown Needed to Reach 20% Equity

60,000 $/mo

Detalhamento do Cálculo

Loan Amount

380,000 $/mo

Down Payment (%)

5 %

Monthly PMI

316.67 $/mo

Metodologia de Cálculo

Loan Amount = Home Price - Down Payment. LTV = (Loan Amount / Home Price) * 100. Annual PMI = Loan Amount * (PMI Rate% / 100). Monthly PMI = Annual PMI / 12.

Aviso Legal e Educacional

Under the Homeowners Protection Act of 1998, PMI automatically terminates once your principal loan balance reaches 78% of original home purchase value.

Esta calculadora destina-se a fins educacionais e informativos. Os resultados não constituem consultoria financeira ou jurídica vinculativa.

Perguntas Frequentes

Under the federal Homeowners Protection Act, lenders must automatically cancel PMI once your mortgage balance reaches 78% of original property value.

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US Private Mortgage Insurance (PMI) Monthly Cost & Cancellation Calculator

Dados de Entrada

Detalhamento do Cálculo

Metodologia de Cálculo

Aviso Legal e Educacional

Perguntas Frequentes

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