PMI Calculator
Estimate private mortgage insurance from home price, down payment, loan-to-value, and PMI rate.
- Last reviewed
- July 8, 2026
- Cost
- Free to use
- Data
- Runs in your browser
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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Methodology
How this calculator handles inputs
This calculator uses the values you enter above and applies the formula explained in the guide below. Results update in the browser and are intended for quick planning, comparison, and sanity-checking.
- Use consistent periods, currencies, and units across inputs.
- Review any assumptions before using the result in a decision.
- Recalculate when rates, prices, tax rules, or business terms change.
Important note
This tool provides general planning information only. It is not tax, legal, financial, accounting, or investment advice. Check the current rules for your location and speak with a qualified professional before making a high-stakes decision.
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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