PMI Calculator

PMI Calculator is used to calculate the monthly payment for mortgage insurance on a traditional mortgage when your down payment is less than 20%. The mortgage insurance calculator will calculate the your monthly and annual PMI.

No PMI payment is required for homebuyers who have 20% or more as down payment.

Mortgage Insurance Calculator
Home Value	$
Down Payment	$ %
Mortgage Amount	$
PMI (Yearly)	$ %

Down Payment Percent
Loan to Value Ratio (LTV)
Annual PMI
Monthly PMI

How much is mortgage insurance?

Private mortgage insurance is usually in the range of 0.5% to 1.5% of the home mortgage amount per year. Once your home equity reaches 20%, you will stop paying for PMI.

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Nov 16, 2024 Mortgage Rates



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