💰 FREE PMI CALCULATOR
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%
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Your PMI Results
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Enter your information and click "Calculate" to see your PMI costs.
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How PMI Works
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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.
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2. PMI Cost
PMI typically costs 0.3% - 1.5% of your loan amount annually, added to your monthly payment.
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3. Removing PMI
PMI can be removed when you reach 20% equity (80% LTV) through payments or refinancing.