PMI Removal Calculator

See when your loan balance hits 80% LTV, how much PMI is costing you, and how extra principal payments speed things up.

Purchase price ($)

Down payment (%)

Interest rate (%)

Loan term (years)

PMI rate (% of loan/year)

Extra principal/month ($)

$240/mo

PMI cost

7 yrs 11 mo

Time to 80% LTV (standard)

Add extra payment to see acceleration

Results assume a fixed-rate loan with consistent payments. Actual PMI cancellation requires a written request and servicer approval. FHA MIP follows different rules.