Mortgage Figures

Estimate PMI — and when it may end.

Budget a monthly conventional PMI range, then see when scheduled amortization reaches the important 80% and 78% loan-to-value milestones.

Usually the lower of purchase price or original appraisal

Loan length
Annual PMI rate range

Editable illustration equivalent to Freddie Mac's approximate $30–$70 monthly per $100,000 borrowed. Replace it with a quote when available.

Estimated monthly PMI

$108.00–$252.00

90.00% loan-to-value · quote varies by credit, coverage and insurer

Request-cancellation milestone
Month 95 · 7y 11m · pay principal down by about $40,000.00 to reach 80% of original value.
Scheduled 78% milestone
Month 109 · 9y 1m
Estimated automatic termination
Month 109 · 9y 1m · earlier of scheduled 78% or the post-midpoint rule.
Reaching 80% does not cancel PMI by itself. A written request, current payments, good payment history, lien checks, and value evidence may be required.

Conventional borrower-paid PMI estimate only. FHA, VA, lender-paid insurance, appreciation, extra payments and insurer-specific pricing are excluded. Confirm the premium and cancellation date with the lender or servicer.

What the estimate can — and cannot — tell you

PMI protects the lender

Private mortgage insurance is not homeowners insurance. It generally protects the mortgage lender when a conventional buyer starts with less than 20% equity.

Pricing is individual

Premiums vary with factors such as loan-to-value, credit, coverage, occupancy, insurer, and payment structure. Treat a public range as a budget, not a quote.

80% and 78% are different

At scheduled 80% LTV you may request cancellation if all conditions are met. Automatic termination generally uses scheduled 78% LTV or the midpoint rule and requires current payments.

Confirm cancellation with your servicer

The schedule is only a planning estimate. Read the CFPB's current PMI cancellation requirements and Freddie Mac's explanation of typical PMI costs. FHA and VA loans follow different rules.

Compare how PMI changes with your down-payment options or add an actual PMI quote to the full mortgage payment calculator.