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PMI Estimator

Calculate Private Mortgage Insurance costs and cancellation date.

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Calculate Private Mortgage Insurance costs and cancellation date.

PMI (Private Mortgage Insurance) Estimator

Usually 0.3% - 1.5%

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How This is Calculated

Formula:

Monthly PMI = (Loan Principal * Annual PMI Rate) / 12 | Cancellation Date: When Principal reaches 78% of Original Value

Calculates monthly Private Mortgage Insurance premiums and projects the exact month and year when PMI automatically terminates under the Homeowners Protection Act of 1998.

Sources & Assumptions: Consumer Financial Protection Bureau (CFPB) Homeowners Protection Act guidelines.

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Results are for informational purposes only and do not constitute financial advice. Always consult a qualified financial professional.