PMI Calculator (Private Mortgage Insurance)
Estimate the monthly Private Mortgage Insurance premium on a conventional loan and find out how long until you can request PMI removal at 80% LTV.
FINANCEEstimate the monthly PMI premium on a conventional loan based on loan-to-value (LTV), credit score, and 2025-2026 industry rate cards. Shows when you can request removal at 80% LTV.
PMI rates rise sharply at higher LTV and lower credit scores. The Homeowners Protection Act requires lenders to drop PMI automatically at 78% LTV (original schedule), or upon request at 80% LTV. A new appraisal showing 80% LTV after appreciation is the fastest path in hot markets. FHA MIP is permanent for the loan's life if less than 10 percent down — refinance to conventional to remove.
PMI Calculator
Estimate the monthly Private Mortgage Insurance (PMI) premium on a conventional loan and find out how long until you can request PMI removal at 80% LTV.
How PMI Removal Works
On a conventional loan, you have three paths to drop PMI: (1) automatic termination at 78% LTV based on the original amortization schedule (lender does this without action from you); (2) you can requestremoval at 80% LTV based on original value once you've paid down the balance; (3) you can pay for a new appraisal to show current value puts you below 80% LTV due to appreciation or improvements - this is the fastest path in a hot market. The Homeowners Protection Act (HPA) requires lenders to honor #1 and #2.
FHA loans charge MIP instead of PMI - and unlike conventional PMI, FHA MIP is permanent for the life of the loan if you put down less than 10%. The only way to drop FHA MIP after 11 years (or never) is to refinance into a conventional loan once you have 20% equity.
PMI rates above are based on MGIC/Radian 2025-2026 rate cards. Your actual rate depends on lender, loan type, DTI, and property type. Some lenders charge single-premium PMI (financed into the loan) or lender-paid PMI (higher rate, no monthly PMI line item).