PMI Removal Calculator

Estimate months until your balance reaches common HPA PMI thresholds based on original property value.

Original property value (USD)

Original loan amount (USD)

Rate (% APR)

Original term (months)

Months already paid

Extra monthly principal (USD)

Assumptions

Uses original value for LTV thresholds (80% request / 78% automatic) typical of US conventional borrower-paid PMI.
Servicer conditions (current, good standing, appraisal rules) are not modeled.
Not for FHA MIP, VA, USDA, or lender-paid PMI.

Amortizes the loan (with optional extra principal) until balance ≤ 80% and 78% of original value.

Is 80% automatic?

Usually you must request cancellation at 80%; automatic termination is commonly at 78% if you are current.

What about home appreciation?

This tool uses original value per HPA-style schedule math. Some lenders allow current-value appraisals under separate rules — ask your servicer.

Is this a lender quote?

No — educational estimate using your inputs.

Do you store my numbers?

No account; calculations run in your browser.

Estimates only. See Disclaimer.