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.
You might also need
Mortgage Calculator
Calculate your monthly mortgage payment with taxes, insurance, PMI, and HOA. View amortization schedule and compare loan terms.
FHA Mortgage Calculator
Calculate FHA loan payments including upfront MIP (1.75%) and annual MIP. See when MIP can be removed.
Home Affordability Calculator
Find out how much house you can afford based on your income, debts, down payment, and current mortgage rates.