PMI Calculator
Estimate private mortgage insurance from home price, down payment, loan-to-value, and PMI rate.
Loan Amount
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Loan-to-Value
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Annual PMI
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Monthly PMI
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Guide
How it works
Use this calculator to estimate private mortgage insurance.
What this calculator does
The PMI calculator estimates loan amount, loan-to-value, annual PMI, and monthly PMI.
PMI Formula
Annual PMI = Loan Amount x PMI Rate
The calculator applies PMI when loan-to-value is above 80%.
Example calculation
If a home costs 400,000, down payment is 40,000, and PMI rate is 0.7%, the calculator estimates monthly PMI.
When to use this calculator
- buying with less than 20% down
- estimating monthly payment add-ons
- comparing down payment options
- planning when PMI may no longer apply
FAQs
When is PMI usually required?
PMI is commonly required when the loan-to-value is above 80%.
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