Finance Tools
PMI Calculator
Estimate your monthly PMI payment based on loan amount, down payment, credit score, and home value.
How to use this pmi calculator
- Enter the home's purchase price.
- Enter your down payment amount or down payment percentage.
- Enter the loan term and interest rate.
- Enter your estimated PMI rate (typical range: 0.3%–1.5%).
- Click Calculate to see your monthly PMI cost and how it affects your total mortgage payment.
Example
For example, if you buy a $400,000 home with 10% down and a PMI rate of 0.8%, this calculator will show:
- The monthly PMI payment added on top of your mortgage.
- How PMI changes based on down payment percentage.
- How much total PMI you’ll pay until you reach 20% equity.
- Why lenders charge PMI and when it can be removed.
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