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PMI Cancellation Date Calculator

Months until LTV reaches 80 % (request) and 78 % (auto).

Estimate when private mortgage insurance can be cancelled — both at the LTV-80 % "request" threshold and the LTV-78 % "auto-cancel" threshold (per the Homeowners Protection Act) — from your loan size, home value, monthly payment, and rate.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

$
$
%
$

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

Target balance = home_value · target_ltv. Months n = ln(P / (P − M·r/12·B0)) / ln(1 + r/12) where M is the payment, r the APR, B0 the starting balance, P the target balance threshold.

In depth

Estimate when private mortgage insurance can be cancelled — both at the LTV-80 % "request" threshold and the LTV-78 % "auto-cancel" threshold (per the Homeowners Protection Act) — from your loan size, home value, monthly payment, and rate.