PMI Calculator
Calculate monthly PMI cost and find out when you can cancel it based on your equity and payment schedule.
Part of our Finance Calculators collection.
PMI Calculator
Free online calculator
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Typical range: 0.5–1.5% of loan value
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Used to estimate equity growth
How to Use This Calculator
- 1
Enter all required values.
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See results instantly.
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Adjust inputs to compare scenarios.
How This is Calculated
Monthly PMI = Loan Amount × Annual PMI Rate / 12 PMI removed at 20% equity (80% LTV) PMI automatically terminates at 78% LTV by law (HPA)
Example Calculation
See live result
Inputs
Result
Enter values above
Results appear instantly as you enter values.
Frequently Asked Questions
How accurate is this calculator?
These are estimates. Actual figures depend on lender requirements, your credit score, and local conditions. Consult a mortgage professional for exact numbers.
Should I get pre-approved?
Yes — getting pre-approved before house hunting shows sellers you're serious and gives you a realistic budget.