PMI Calculator

Estimate monthly private mortgage insurance, total PMI paid and the month your loan reaches 80% loan-to-value so you can request cancellation.

Your numbers

Monthly PMI$253
Months until 80% LTV
124
Total PMI paid
$31,413
Loan amount
$380,000
Loan-to-value ratio by year (PMI ends at 80%)
0%25%50%75%100%0246810LTV · 0: 95%LTV · 1: 93.94%LTV · 2: 92.81%LTV · 3: 91.6%LTV · 4: 90.31%LTV · 5: 88.93%LTV · 6: 87.46%LTV · 7: 85.9%LTV · 8: 84.22%LTV · 9: 82.44%LTV · 10: 80.54%80% target · 0: 80%80% target · 1: 80%80% target · 2: 80%80% target · 3: 80%80% target · 4: 80%80% target · 5: 80%80% target · 6: 80%80% target · 7: 80%80% target · 8: 80%80% target · 9: 80%80% target · 10: 80%
  • LTV
  • 80% target

How the pmi calculator works

PMI ≈ loan amount × annual PMI rate ÷ 12. We amortize the loan and find the first month the balance is at or below 80% of the original price (your equity reaches 20%).

Example

Using the default inputs (Home price: $400,000; Down payment: 5%; Interest rate: 6.5%; Term (years): 30; PMI rate per year: 0.8%), the calculator returns monthly pmi of $253. Change any field above to see your own result and charts update instantly.

Good for these goals

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Frequently asked questions

How much does PMI cost?

Typically 0.3%–1.5% of the loan per year depending on credit score and down payment.

Can I avoid PMI?

Yes: put 20% down, use a piggyback loan, or explore lender-paid PMI or VA loans (which have no monthly PMI).

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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.