PMI Calculator
Estimate private mortgage insurance on a conventional loan
See how down payment and PMI rate change your monthly payment. PMI varies by lender, credit, loan type, and down payment, so use this as a planning estimate.
Estimated monthly PMI
$0
Loan-to-value0%
Principal & interest$0
P&I + PMI$0
Estimated PMI removal pointN/A
What PMI does
The CFPB says borrowers who make a down payment of less than 20% typically need mortgage insurance, and that PMI is often paid monthly as part of the mortgage payment. CFPB mortgage insurance overview
Fannie Mae says PMI can generally be removed when your loan balance drops below 80% of the purchase price or once you have achieved 20% equity, subject to rules and lender process. Fannie Mae PMI overview
This calculator uses a simple annual PMI rate multiplied by loan amount and divided by 12. Actual PMI pricing depends heavily on credit score, LTV, occupancy, debt-to-income, and product.