PMI Calculator USA
Estimate private mortgage insurance cost and a possible cancellation request point
Down payment and LTV
Loan amount equals purchase price minus down payment. Loan-to-value divides that loan by the original property value. At 80% or less, this model does not apply borrower-paid PMI.
Use the premium from your quote
Monthly PMI is loan amount times the annual premium rate divided by twelve. Credit profile, loan type, and insurer determine the actual rate, so use a quoted rate whenever possible.
Possible cancellation point
The calculator simulates a 30-year amortization schedule until the federal borrower-request threshold. This is not a guaranteed end date: payment history, value basis, loan type, and other conditions still apply.
Not the same as FHA MIP
FHA mortgage insurance, lender-paid PMI, and other programs follow different premium and termination rules. This result is only a planning estimate for conventional borrower-paid PMI.