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
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.