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PMI Calculator
Illustrative rates only; actual PMI pricing varies by insurer, program and property. PMI typically cancels automatically at 78% of the original value, and you can request removal at 80%.
About this calculator
Estimate private mortgage insurance on a conventional loan with less than 20% down.
Private mortgage insurance (PMI) usually comes with a conventional loan when you put less than 20% down, and it is easy to overlook when you are budgeting. This calculator estimates what PMI could add to your monthly payment before you settle on a down payment.
Enter the home price, your planned down payment and your credit score range. The calculator uses your loan-to-value and credit tier to look up an illustrative PMI rate and estimate the monthly and yearly cost. At 20% down or more, PMI is generally not required. PMI is not forever: it typically ends automatically when your balance reaches 78% of the original value, and you can ask to remove it at 80%.
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