PMI Calculator

The monthly premium is whatever annual rate you type. The 80% and 78% dates are a walk down the original schedule, not a promise from your servicer.

Written for Equidwell and last checked in October 2026. We build the calculators on this site. We are not a lender, and this page is not advice for your loan.

Monthly PMI uses the annual rate you enter. Removal dates follow an educational reading of the 80% and 78% original-value milestones. Actual PMI pricing and cancellation depend on the loan, the servicer, and your payment history.

Original home value

Loan amount

Interest rate

Example rate, not a live quote.

Term in years

Annual PMI rate assumption

First payment month

Estimated monthly PMI $150.00

Current LTV 90.0%

Request-cancellation balance in this model: $320,000.00 at payment 98.

Automatic-termination balance in this model: $312,000.00 at payment 112.

Estimated PMI if it stays until the 80% milestone: $14,700.00.

How this calculator works

Monthly PMI is the loan times the annual PMI rate you enter, divided by 12.
The estimate applies only when the loan is above 80% of the original value.
The 80% balance is the point where many borrowers can ask to cancel PMI.
The 78% balance is the point where PMI may end automatically on the original schedule.

Cancellation has conditions this page cannot see

On many conventional loans you can ask to cancel PMI around 80% of the original value, and it may end on its own around 78%, if you are current and the servicer's other conditions are met.

FHA mortgage insurance, the VA funding fee, and lender-paid insurance do not follow that schedule. The total here also assumes the premium stays flat until 80%, which a real declining premium might not.

Sources

Common questions

Is 0.50% the real PMI price?

It is the starting assumption. Credit, down payment, and the lender change the actual rate. Replace it with a quote when you have one.

Can I remove PMI as soon as the balance hits 80%?

You can often request it, and the servicer can require a good payment history and evidence of value. This page only estimates the payment number on the original schedule.

Mortgage Payment Calculator
Estimate a US mortgage payment with principal, interest, taxes, insurance, HOA, and PMI. See the payoff date and amortization schedule.
Down Payment Calculator
Compare 5%, 10%, 15%, and 20% down. See cash required, the loan amount, the payment, and whether estimated PMI applies.
Home Equity Calculator
Estimate home equity in dollars and percent, plus borrowing room under a combined loan-to-value assumption you choose.

Longer guides on these topics are linked from the guides library.