PMI Calculator
Estimate your monthly PMI costs and find out exactly when you can stop paying PMI. See the total cost of PMI over the life of your loan and track your loan-to-value ratio year by year.
Inputs
$
$
PMI required if less than 20%
%
%
Typically 0.3%-1.5% of loan amount
Results
Monthly PMI
$150
Total PMI Cost
$16,200
PMI Drops Off
Month 109
Starting LTV
90.0%
Loan-to-Value Ratio Over Time
Annual Costs
Year-by-Year Breakdown
| Year | Balance | LTV % | PMI Paid | Principal | Interest |
|---|---|---|---|---|---|
| 1 | $355,976.19 | 88.99% | $1,800.00 | $4,023.81 | $23,281.53 |
| 2 | $351,682.89 | 87.92% | $1,800.00 | $4,293.29 | $23,012.04 |
| 3 | $347,102.07 | 86.78% | $1,800.00 | $4,580.82 | $22,724.51 |
| 4 | $342,214.46 | 85.55% | $1,800.00 | $4,887.61 | $22,417.73 |
| 5 | $336,999.52 | 84.25% | $1,800.00 | $5,214.94 | $22,090.40 |
| 6 | $331,435.32 | 82.86% | $1,800.00 | $5,564.20 | $21,741.14 |
| 7 | $325,498.48 | 81.37% | $1,800.00 | $5,936.84 | $21,368.50 |
| 8 | $319,164.04 | 79.79% | $1,800.00 | $6,334.44 | $20,970.90 |
| 9 | $312,405.37 | 78.10% | $1,800.00 | $6,758.67 | $20,546.67 |
| 10 | $305,194.05 | 76.30% | $0.00 | $7,211.31 | $20,094.03 |
| 11 | $297,499.79 | 74.37% | $0.00 | $7,694.27 | $19,611.07 |
| 12 | $289,290.22 | 72.32% | $0.00 | $8,209.57 | $19,095.77 |