PMI Removal Calculator
When does private mortgage insurance fall off — and how much sooner can extra payments or rising home value get rid of it?
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PMI applies only when down payment is under 20%
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Typically 0.3%–1.5% of the loan per year
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Used for the reappraisal route to 20% equity
PMI automatically removed
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at 78% LTV of original value (the legal backstop)
Request cancellation (80% LTV, scheduled)—
Automatic termination (78% LTV)—
Reappraisal route (20% equity w/ appreciation)—
Loan-to-value today—
Total PMI paid until auto-removal
$0
PMI saved vs no extra / no reappraisal
$0
Conventional-loan PMI rules under the Homeowners Protection Act: automatic termination at 78% LTV of the original value, borrower-requested cancellation at 80% (with good payment history), and a lender-discretion reappraisal route once current-value equity reaches ~20–25%. FHA mortgage insurance follows different rules. Estimates only — confirm cancellation requirements with your servicer. Not financial advice.
Free calculator by CalcCottage