When Does PMIFinally Go Away?
Private mortgage insurance is the cost of buying with less than 20% down. Estimate the monthly cost and — more usefully — the day it legally has to stop.
PMI Calculator
How Much Will PMI Cost You?
Adjust your home price and down payment to see estimated PMI costs.
PMI is not forever, even if it feels like it
On a conventional loan, private mortgage insurance exists to protect the lender while your down payment is thin, and the law sets its exit: you can request cancellation once the balance is scheduled to hit 80% of the home's original value, and the servicer must end it automatically at 78% — no request, no appraisal, no arguing. Value-based cancellation can arrive even sooner if your area appreciated.
The strategic move many buyers miss: FHA mortgage insurance behaves differently and usually cannot be cancelled on recent loans the way PMI can, which is why a conventional loan with PMI is sometimes the cheaper lifetime choice than an FHA loan without it. Run both paths before you pick.
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