PMI Removal Calculator

Find out how many months until your PMI is removed and how much you save with extra monthly payments.

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PMI is required on conventional loans with less than 20% down payment. Under the Homeowners Protection Act, you may request cancellation when LTV reaches 80%; it automatically terminates at 78%. FHA loans have different MIP rules (often required for the life of the loan). This calculator assumes no home value appreciation. Confirm PMI removal requirements with your loan servicer.