PMI Calculator
Calculate your Private Mortgage Insurance cost and see how to eliminate PMI faster.
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Loan Details
$40,000 (10%)
Monthly PMI Cost
$225
0.75% annually = $2,700/year
Payment Breakdown
Mortgage (P&I):$2,275/mo
PMI:$225/mo
Total Monthly:$2,500
Loan Amount:$360,000
LTV Ratio:90.0%
How to Eliminate PMI
Reach 20% equity ($40,000 more) to remove PMI.
Estimated time: ~118 months (10 years) at current payment rate.