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PMI Drop Date Calculator

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Mortgage Inputs
PMI Assumptions

All calculations are done locally in your browser.

Frequently asked questions

When does PMI usually drop?

PMI typically cancels automatically at 78% LTV and can be requested at 80%, based on the original schedule or a new appraisal depending on lender rules.

How can I drop PMI faster?

Extra principal payments or rising home value can reach the 80% LTV threshold sooner. Some lenders allow removal with a new appraisal.

How much does PMI really cost?

PMI is a monthly cost added until you reach the LTV trigger. This tool estimates total PMI paid and the expected drop date under your assumptions.

Related tools

See Mortgage Calculator for payments, Recast vs Refi to adjust payments, and Home Affordability for planning.

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