PMI Removal Calculator: When Does Your PMI End?

How to use

1. Enter your original loan amount, rate, term and payments made.
2. Add your home's current value and any extra monthly principal.
3. Press Calculate for current LTV and your 80% / 78% dates.
4. Compare the with-and-without-extra-payment projections to see months saved.

General information only — not medical, financial or legal advice. Figures cross-checked against public official sources (IRS / HMRC / NHS / WHO guidance); content last reviewed September 2026. For decisions that matter, confirm with a licensed professional in your country.

About this tool

Private mortgage insurance costs you every month but disappears on a schedule most lenders never volunteer. This calculator reconstructs that schedule from your loan numbers: it computes your monthly principal-and-interest payment, your current balance after the payments made so far, and your current loan-to-value ratio against today's home value. Then it projects forward month by month — including any extra principal you pay — to the month your balance reaches 80% of current value, when you can request cancellation in writing, and 78% of the original value, where lenders must end PMI automatically. Extra payments show their month-saving effect immediately. Results are educational estimates, not professional advice: eligibility also depends on payment history, liens and your servicer's process. The simulation runs entirely in your browser with nothing uploaded.

FAQ

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