Can I get rid of PMI later?

Yes. Once your loan-to-value ratio drops below 80%, either through paying down the loan or the home appreciating, you can typically request PMI cancellation from your lender. It usually cancels automatically at 78% LTV under US federal law.

Why does the calculator show ₹0 PMI for some inputs?

PMI only applies when the loan-to-value ratio exceeds 80%. If your down payment is 20% or more, LTV is at or below 80% and no PMI is charged.

PMI Calculator

Estimate private mortgage insurance cost based on loan-to-value ratio.

How this is calculated

LTV = Loan ÷ Home price × 100; PMI charged only if LTV > 80%; Monthly PMI = Loan × PMI rate ÷ 12

Assumptions used in this calculation

80% threshold: PMI is typically required only when the loan-to-value ratio exceeds 80% and can usually be cancelled once it drops back below that.

About this calculator

The PMI calculator estimates the annual and monthly private mortgage insurance you'll likely pay when your down payment is below 20%, based on the loan-to-value ratio and an assumed PMI rate.

Worked example

₹50L home, ₹5L down payment (10%), 0.75% PMI rate

Result: Monthly PMI ≈ ₹2,813 (LTV 90%)

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Frequently asked questions

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Calculate your total monthly mortgage payment including taxes and insurance.

PMI Calculator

About this calculator

Frequently asked questions

Can I get rid of PMI later?

Why does the calculator show ₹0 PMI for some inputs?

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