Free online PMI (Private Mortgage Insurance) calculator. Quickly estimate your monthly PMI premium. Enter home price, down payment percentage and loan amount to see monthly PMI cost and when PMI can be canceled.
Zero dependencies · Works offline📊 Calculator
💡 PMI rates typically range from 0.5% to 2% of loan amount. No PMI required when down payment is 20% or more.
📋 Results
Loan Amount
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Monthly PMI
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Annual PMI
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Estimated PMI Cancellation
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FAQ
What is PMI?
PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20%.
When can PMI be canceled?
PMI can be canceled when your loan balance drops below 80% of the original home value. It automatically cancels at 78%.
What is the PMI rate?
PMI rates typically range from 0.5% to 2% of the loan amount, depending on down payment and credit score.
How to Use PMI Insurance Calculator
Using the PMI Insurance Calculator is simple:
- Enter Home Info
Enter your home price and down payment percentage. - Set Parameters
Set the loan term and PMI annual rate (default 1%). - View Results
Click calculate to see monthly PMI cost and estimated cancellation date.