PMI Calculator
See your monthly PMI cost, when you can request cancellation, and when it terminates automatically by law.
Monthly PMI
$147
0.55% annual rate
Total PMI Until Cancel
$10,853
auto-cancel at 78% LTV
Request Cancel In
1mo
80% LTV of current value
Auto-Cancel In
6yr 3mo
78% LTV of original — HPA
How to cancel PMI faster
You can request cancellation when your loan balance reaches 80% LTV of the current home value. By law, lenders must automatically terminate PMI at 78% LTV of the original value (Homeowners Protection Act). Paying down extra principal accelerates both milestones. Your starting LTV is 80.0%.
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PMI Calculator results are estimates for educational and informational purposes only and do not constitute financial, tax, or legal advice. Actual outcomes will vary based on your individual circumstances. LoanPal is not a licensed financial advisor. Read full disclaimer. Consult a qualified professional before making financial decisions.