Costs & Fees

PMI Cost Calculator

Estimate your monthly private mortgage insurance cost based on your loan amount and down payment. See when PMI drops off and how much it adds to your payment.

PMI Cost Calculator

Monthly PMI
$144
0.48% annual rate · $1,728/yr
LTV
90.0%
Loan Amount
$360,000
Total PMI Cost
$13,680
PMI Removal
7 yr 11 mo
What If You Put 20% Down Instead?
Additional down payment needed$40,000
Current payment (P&I + PMI)$2,419/mo
Payment at 20% down$2,023/mo
Monthly savings$397/mo

Related Articles

What Is Private Mortgage Insurance (PMI)?

Learn what private mortgage insurance is, when it's required, how much it costs, and the different ways to get rid of it. PMI doesn't have to be forever.

What Is Loan-to-Value Ratio (LTV)?

Learn how loan-to-value ratio works, why lenders care about it, and how your LTV affects your mortgage rate, PMI requirements, and refinancing options.

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