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PMI Calculator
Calculate private mortgage insurance cost and when you can cancel it.
About This Calculator
PMI protects the lender — not you — and costs 0.5–1.5% of the loan annually. On a $320,000 loan at 0.8%, that's $2,560/year or $213/month. Under the Homeowners Protection Act (1998), lenders must cancel PMI automatically when the loan reaches 78% LTV based on the original amortization schedule.