LPMI vs BPMI Mortgage Calculator

BPMI (Borrower-Paid Mortgage Insurance) is paid monthly and can be canceled at 80% LTV. LPMI (Lender-Paid Mortgage Insurance) is built into your rate (typically 0.25-0.5% higher) and cannot be canceled. LPMI means no separate PMI payment but higher interest for the loan\\

LPMI is better when: you\\

Compare total costs: BPMI = monthly PMI × months until 80% LTV, LPMI = extra monthly interest × loan life (or until refi/sale). Our calculator shows break-even point and total cost for your specific scenario.

No, you can\\

Yes, single-premium PMI pays the entire premium upfront (sometimes financed into the loan). Also consider: piggyback loans (80/10/10 to avoid PMI entirely), waiting until you have 20% down, or VA/USDA loans which don\\