PMI Calculator - Private Mortgage Insurance
Calculate your monthly PMI payment, total PMI cost, and when you can remove it. See how much you're paying in mortgage insurance.
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Down payment: 10.0%
Your PMI Results
Enter your information and click "Calculate" to see your PMI costs.
Remove PMI by Refinancing - Save Thousands!
If you have 20%+ equity, refinance to remove PMI and save hundreds per month. Compare rates from 5+ lenders.
Remove PMI - Get Refinance Quotes →✓ No SSN required ✓ See if you qualify ✓ 2-minute process ✓ Compare 5+ lenders
How PMI Works
1. When PMI Is Required
PMI is required when your down payment is less than 20% (LTV > 80%). It protects the lender if you default. FHA loans offer 3.5% down — see if you qualify →
2. PMI Cost
PMI typically costs 0.3% - 1.5% of your loan amount annually, added to your monthly payment. Compare lenders with lowest PMI rates →
3. Removing PMI
PMI can be removed when you reach 20% equity (80% LTV) through payments or refinancing. Down payment assistance can help you reach 20% faster →