PMI Calculator
Calculate your private mortgage insurance costs and find out when you can stop paying PMI.
Loan Details
10.0% of home price
Monthly PMI
$150
$1,800/year
PMI Timeline
Current LTV90.0%
Time to Remove PMI2.9 years
Total PMI You'll Pay$5,250
Monthly Payment Breakdown
Mortgage (P&I)$2,395
PMI+$150
Total Monthly$2,545
Avoid PMI
To avoid PMI, put down 20%:
$80,000
You need $40,000 more
PMI by Credit Score
| Score | Rate | Monthly |
|---|---|---|
| 760+ | 0.3% | $90 |
| 740-759 | 0.4% | $120 |
| 720-739 | 0.5% | $150 |
| 700-719 | 0.7% | $210 |
| 680-699 | 0.9% | $270 |
| 660-679 | 1.1% | $330 |
| <660 | 1.5% | $450 |
Compare Down Payment Options
| Down % | Amount | Payment | PMI |
|---|---|---|---|
| 5% | $20,000 | $2,528 | $158 |
| 10% | $40,000 | $2,395 | $150 |
| 15% | $60,000 | $2,262 | $142 |
| 20%No PMI | $80,000 | $2,129 | - |