Free to use No account required Editable assumptions Results stay in this browser

Home CalculatorsPMI Removal Calculator

PMI Removal Calculator

Project how scheduled and extra principal payments move a loan toward an 80% loan-to-value target.

How the estimate works

The calculator amortizes the current balance monthly until it reaches the selected percentage of the original property value.

Important limitation

Automatic termination and borrower-request rules differ, and a servicer may require seasoning, payment history, or a new appraisal. Results are estimates only and are not financial, lending, legal, tax, or investment advice.

Assumptions and review

Formula review: July 29, 2026. This tool uses only the editable values shown above and does not pull live rates, prices, balances, or account data.

Compare all Fair Calcs tools.

Mortgage CalculatorMonthly payment and total interest estimates.Rent vs Buy CalculatorEstimate long-term housing costs to compare renting versus buying under different assumptions.Refinance CalculatorEstimate mortgage refinance break-even timing and total interest savings after closing costs.Home Affordability CalculatorEstimate an affordable home price from income, debts, down payment, rate, term, taxes, insurance, and a housing ratio.

Frequently asked questions

How does the pmi removal calculator work?

The calculator amortizes the current balance monthly until it reaches the selected percentage of the original property value.

Is this pmi removal calculator exact?

No. It is a planning estimate based on the values you enter. Actual rates, fees, timing, taxes, and provider rules can change the result.

Can I change the assumptions?

Yes. Every displayed input is editable so you can compare scenarios instead of relying on a hidden default.

PMI Removal Calculator