Mortgage Insurance Calculator

Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.

Mortgage Insurance Calculator

Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.

Loan amount($)

LTV %(%)

Credit tier

Enter values above and click Calculate — results will appear here with the formula explained.

PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12

How does this work?

PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more.

PMI drops at 80% LTV via amortization or appraisal. This estimates years until 80% at standard payment.

For YMYL, PMI is sunk cost — 20% down avoids it, but waiting to save may cost more in rent and appreciation.

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Disclaimer: Results are estimates for informational purposes only and do not constitute professional financial advice. Consult a qualified professional for decisions.

What is Mortgage Insurance?

PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more. Formula: PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12

Quick Answer

Mortgage Insurance Calculator computes estimate pmi cost from loan, ltv and credit — see monthly pmi, yearly and total pmi until 80% ltv. Formula: PMI rate: excellent 0. Example: With $360k loan, 90% LTV, good credit 0.

What it does: Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.
Formula: PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12
Inputs: Loan amount ($) · LTV % (%) · Credit tier
Example: With $360k loan, 90% LTV, good credit 0.

Calculator Inputs at a Glance

Field	What to enter
Loan amount ($)	e.g. 360000
LTV % (%)	e.g. 90
Credit tier	Enter a value

All fields use the exact formulas shown below — results include step-by-step breakdowns you can verify by hand.

How to Use This Calculator

1Enter loan amount, LTV % and credit tier.
2Calculate to see monthly PMI, yearly and years until 80% LTV.
3Improve credit or increase down to lower PMI.

Formula Used

PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12

PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more.

PMI drops at 80% LTV via amortization or appraisal. This estimates years until 80% at standard payment.

For YMYL, PMI is sunk cost — 20% down avoids it, but waiting to save may cost more in rent and appreciation.

AdSense ready — add NEXT_PUBLIC_GOOGLE_ADSENSE_PUBLISHER_ID

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Worked Example

With $360k loan, 90% LTV, good credit 0.6%: yearly $2,160, monthly $180, until 80% in ~6 years, total ~$12,960.

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Related Calculators

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Mortgage Calculator

Estimate the monthly payment on a home loan including taxes and insurance.

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Calculate home equity from value and mortgage balance — see equity dollars, percent and LTV.

Frequently Asked Questions

QHow long PMI?

Until 80% LTV via payments or appraisal. On $360k 90% loan, ~6 years at 6.5%.

QCan remove early?

Yes, with appraisal showing 80% LTV, request removal. Automatic at 78% per Homeowners Protection Act.

QFHA MIP?

FHA has upfront 1.75% plus 0.55% yearly for life, different from PMI.

Quick Answer

What it does: Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.

Formula: PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12

Inputs: Loan amount ($) · LTV % (%) · Credit tier

Example: With $360k loan, 90% LTV, good credit 0.

Field

What to enter

Loan amount ($)

e.g. 360000

LTV % (%)

e.g. 90

Credit tier

Enter a value

Formula Used

PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan; Monthly = loan*rate/12

PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more.

PMI drops at 80% LTV via amortization or appraisal. This estimates years until 80% at standard payment.

For YMYL, PMI is sunk cost — 20% down avoids it, but waiting to save may cost more in rent and appreciation.