MasterTool

PMI Calculator

Calculate pmi from your own entered figures.

CFPB consumer guidance on private mortgage insurance; the rate bands below are typical published estimates, not an official CFPB table last updated · reference source

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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.

Dated static reference; no live data is fetched. Verify current source values and assumptions before relying on results.

What this tool does

Calculate pmi from your own entered figures. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.

How to use the PMI Calculator

  1. Enter or select home price / value.
  2. Enter or select down payment.
  3. Enter or select mortgage rate (%).
  4. Enter or select term (months).
  5. Read the calculated result; change any measurement to compare alternatives.

Formula

LTV = loan ÷ value; the annual PMI rate is a typical-estimate band for that LTV (see the data note); monthly PMI = loan × rate ÷ 12, charged until the scheduled balance reaches 78% of the original value (automatic termination), and cancellable on request at 80%
price
Home price / value
down
Down payment
rate
Mortgage rate (%)
termMonths
Term (months)

PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.

Worked example

For pmi calculator, the following measurements illustrate the exact method: Home price / value: 400000; Down payment: 40000; Mortgage rate (%): 6.5; Term (months): 360.

Inputs

  • Home price / value$400000
  • Down payment$40000
  • Mortgage rate (%)6.5 %
  • Term (months)360

Result

  • Monthly PMI (typical estimate)$105.00
  • Loan-to-value90%
  • PMI annual rate used (estimate)0.35%
  • Months of PMI until 80% LTV (request cancellation)95
  • Months of PMI until 78% LTV (automatic termination)109
  • Total PMI until automatic termination$11,445.00

Results explained

Monthly PMI (typical estimate)
Monthly PMI (typical estimate) from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.
Loan-to-value
Loan-to-value from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.
PMI annual rate used (estimate)
PMI annual rate used (estimate) from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.
Months of PMI until 80% LTV (request cancellation)
Months of PMI until 80% LTV (request cancellation) from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.
Months of PMI until 78% LTV (automatic termination)
Months of PMI until 78% LTV (automatic termination) from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.
Total PMI until automatic termination
Total PMI until automatic termination from the formula above. PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.

Frequently asked questions

LTV = loan ÷ value; the annual PMI rate is a typical-estimate band for that LTV (see the data note); monthly PMI = loan × rate ÷ 12, charged until the scheduled balance reaches 78% of the original value (automatic termination), and cancellable on request at 80%

PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.

No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.

This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.

Check period consistency, currency, percentage inputs and the assumptions: PMI premium is modeled on the original loan amount at the typical band rate for the starting LTV, per the dated CFPB-referenced table in src/data/loan-programs.ts. Mid-term band changes and single-premium or lender-paid PMI are not modeled.