PMI Calculator
Calculate private mortgage insurance cost and when it will be removed. Compare 20% down vs lower down payment with PMI.
LTV Ratio
90.00%
Monthly PMI
$180.00
Monthly Payment
$2,395.09
Annual PMI
$2,160.00
Months Until PMI Removed
115
Total PMI Paid
$20,700.00
PMI Analysis
| Home Price | $400,000.00 |
| Down Payment (10.0%) | $40,000.00 |
| Loan Amount | $360,000.00 |
| Loan-to-Value (LTV) | 90.00% |
| PMI Required | Yes |
| PMI Rate | 0.60% |
| Monthly PMI | $180.00 |
| Annual PMI | $2,160.00 |
| PMI Auto-Removed at 78% LTV | 115 months |
| Total PMI Paid | $20,700.00 |
20% Down Payment Comparison
| Current Monthly Payment (with PMI) | $2,575.09 |
| Monthly Payment with 20% Down | $2,128.97 |
| Monthly Difference | $446.12 |
| Additional Down Payment Needed for 20% | $40,000.00 |
Use the PMI Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
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