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Mortgage PMI Calculator

Monthly private mortgage insurance and removal date.

Estimate the monthly Private Mortgage Insurance (PMI) cost when down payment is below 20%, plus the months until LTV reaches 78% (the typical PMI-removal threshold) at the current amortization pace.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

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Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

LTV = loan / home_value. PMI required if LTV > 80%. Monthly PMI = loan · (pmi_rate / 1200).

In depth

Estimate the monthly Private Mortgage Insurance (PMI) cost when down payment is below 20%, plus the months until LTV reaches 78% (the typical PMI-removal threshold) at the current amortization pace.