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RealCostIQ

PMI Calculator

Educational calculators — always consult a licensed professional before making financial decisions.

Enter the purchase price of the property.

$
$10K$10M

PMI is required when down payment is less than 20%.

%

$17,500 of home price

0%40%

Longer terms mean PMI stays longer but monthly payments are lower.

PMI may stay longer since equity builds slowly early in the loan.

Current 30-yr fixed average is around 6.5–7%.

%
0.1%20%

Your credit score affects your PMI rate.

Moderate PMI rates: ~0.5–0.8% annually.

Monthly PMI

$236

0.85% annual PMI rate based on your credit score

PMI removedMarch 2037
Total PMI paid$29,911
Loan-to-value95.0%
Auto-cancel monthMonth 139

Current Loan-to-Value

95.0%

78% auto-cancel80% removable

Based on

Home price$350,000
Loan amount$332,500
Down payment$17,500
Credit score680–719
Free

Email me the detailed report

A full PDF breakdown of these numbers — yours to keep or hand to a contractor.

PMI estimates are for educational purposes only. Actual rates vary by lender, loan type, and insurer. Consult a licensed mortgage professional.

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Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.