PMI Calculator
Estimate private mortgage insurance — what you pay with a down payment under 20%.
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Your Results
Loan amount$360,000.00
Monthly PMI$150.00
Base payment (P&I)$2,275.44
PMI cancels at month109
Total PMI paid$16,350.00
Uses a 0.5% annual PMI rate (typical range 0.3-1.0%).
Frequently Asked Questions
Is PMI worth avoiding?
With 20% down you skip PMI entirely, but you also delay buying. Compare the PMI cost against rent and expected home appreciation — sometimes paying PMI for a few years is the better financial move.
Can I remove PMI early?
Yes — on a conventional loan, request cancellation once you reach 80% LTV based on current home value (appraisal may be required).
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