PMI Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Your loan
The purchase price. PMI rules measure your balance against this original figure, not the home's value later.
Enter dollars or switch to a percentage. Under 20% down, a conventional loan carries PMI.
$17,500 of home price
Loan amount $332,500 · 95.0% loan-to-value
Term and rate set how fast the balance falls, and so the month PMI reaches the 80% and 78% lines.
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%.
Sets the annual PMI rate charged on the original loan amount. Pick the band from your most recent credit report.
30-year loan: 0.96% a year at 5% down, 0.65% at 10% down (National MI rate card).
Already paying PMI? Add when the loan closed and today's value to check early removal under the Fannie Mae and Freddie Mac rules.
Monthly PMI
$266
0.96% annual PMI rate for your credit score at 90.01–95% LTV
Current Loan-to-Value
95.0%
Based on
PMI estimates are for educational purposes only. Actual rates vary by lender, loan type, and insurer. Consult a licensed mortgage professional. Rate: National MI (National Mortgage Insurance Corporation) borrower-paid monthly rate card (effective March 1, 2022; listed as current, checked 2026-09-29), terms over 20 years, 30% standard coverage. Adjustments for debt-to-income over 45%, second homes and other cases are not included, and many lenders now quote from pricing engines that can come in lower.
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PMI Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
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.