Loading...
Search for a command to run...
Loading...
Calculate private mortgage insurance cost and see when you can cancel PMI.
PMI protects lenders when you put down less than 20%. It typically costs 0.5-1% of your loan annually. You can request PMI removal at 20% equity, and it's automatically cancelled at 22%.
$150
90.0% LTV
3.4 yrs
41 months
$6,150
$2,275
PMI is required because your LTV is above 80%. It will automatically drop off when your equity reaches 22% (78% LTV).
Learn more about how we calculate and our editorial standards.