Real Estate Calculators

PMI Cost Estimator

Enter home price, down payment percentage, and PMI rate to estimate monthly PMI cost.

$196.88/month
on a $315,000 loan

PMI typically applies to conventional loans with under 20% down. Under federal law, lenders must automatically cancel PMI once you reach 78% loan-to-value based on the original amortization schedule — you can also request cancellation at 80% LTV.

How to use this tool

  1. 1Enter the home price.
  2. 2Enter the down payment percentage.
  3. 3Enter the PMI rate (check your lender's quote).
  4. 4See the estimated monthly PMI cost.

Frequently asked questions

When does PMI go away?+

By federal law, lenders must automatically cancel PMI at 78% loan-to-value based on the original amortization schedule, and you can request cancellation once you reach 80% LTV.

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