Home Down Payment PMI Removal Calculator
Private mortgage insurance (PMI) can add hundreds of dollars to your monthly payment. Once your loan balance drops to 80% of your home's value, you can typically request that your lender remove it. Use this calculator to find out how close you are.
About this calculator
Estimate how much your home needs to appreciate or how much principal you need to pay down before you hit 20% equity and can request PMI removal.
Frequently Asked Questions
How is the 80% threshold calculated?
Lenders typically remove PMI once your loan balance falls to 80% of the home's original or current appraised value, whichever your lender uses.
Can I speed up PMI removal?
Yes — making extra principal payments, or getting a new appraisal if your home's value has risen, can help you reach 80% loan-to-value sooner.
Is PMI removal automatic?
Federal law requires automatic termination at 78% LTV based on the original amortization schedule, but you can request removal earlier at 80% if you meet lender requirements.