Home Down Payment PMI Removal Calculator

Private mortgage insurance (PMI) can add hundreds of dollars to your monthly payment. Once your loan balance drops to 80% of your home's value, you can typically request that your lender remove it. Use this calculator to find out how close you are.

Equity Needed to Remove PMI
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Home Value—
Current Loan Balance—
Balance Needed for 80% LTV—
Current Equity %—
Monthly PMI Payment—

About this calculator

Estimate how much your home needs to appreciate or how much principal you need to pay down before you hit 20% equity and can request PMI removal.

Frequently Asked Questions

How is the 80% threshold calculated?

Lenders typically remove PMI once your loan balance falls to 80% of the home's original or current appraised value, whichever your lender uses.

Can I speed up PMI removal?

Yes — making extra principal payments, or getting a new appraisal if your home's value has risen, can help you reach 80% loan-to-value sooner.

Is PMI removal automatic?

Federal law requires automatic termination at 78% LTV based on the original amortization schedule, but you can request removal earlier at 80% if you meet lender requirements.