About this calculator
Private mortgage insurance protects the lender, not the borrower — yet it can add hundreds of dollars to a monthly payment until enough equity is built. This PMI calculator shows exactly what mortgage insurance costs, when it automatically falls off, and how extra payments or appreciation can cancel it sooner.
What it shows you
- Estimated monthly PMI premium based on down payment and credit
- The loan-to-value point where PMI is removed
- How long until PMI drops at your current payment
- Savings from reaching 20% equity faster
- Total PMI paid over the life of the loan
What you'll enter
- Home price and down payment
- Credit score
- Interest rate and loan term
- Expected annual home appreciation
When to use it
- You are buying with less than 20% down
- Seeing when PMI comes off and how a bigger down payment changes it
Why it matters
Most borrowers don't realize PMI is removable — or how much they overpay by leaving it in place. Showing the removal path turns a frustrating cost into an actionable plan and a reason to stay in touch.
Read the guide
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