π PMI Advanced Calculator
Calculate PMI costs, when it can be cancelled, and how much you'll save.
π Input Parameters
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π‘ About PMI
What is PMI? Private Mortgage Insurance is required when your down payment is less than 20%. It protects the lender, not the borrower.
When can it be cancelled? PMI is automatically cancelled when LTV reaches 78%. You can request cancellation at 80% LTV.
Money-saving tips: Make extra payments, get a reappraisal after home value increases, or pay down to 80% LTV to cancel PMI early.