FL Real Estate & Homes • (561) 835-5400Mortgage Title List & Sell for 1% Get Home Value
Free Calculator

PMI Removal Calculator

Find out exactly when you can cancel private mortgage insurance — based on your loan paydown schedule and home appreciation.

Loan Details

$
%
%
%
%

PMI Removed In

3.0 years

Based on paydown + 3%/yr appreciation

Monthly P&I payment$2,763
Monthly PMI$270
PMI removed at 80% LTV (paydown only)Month 104 (8.7 yrs)
PMI removed with appreciationMonth 36 (3.0 yrs)
Total PMI you'll pay$28,080
PMI saved vs. full loan term$69,120

Homeowners Protection Act: You can request PMI cancellation when your loan reaches 80% LTV. Lenders must automatically cancel at 78% LTV based on original schedule.

Want to eliminate PMI faster? Ask about options.

Talk to a Pure Equity Realty mortgage specialist — no obligation.

Get Pre-Approved Free →

Free Tools

More Calculators

View all →
Most Popular🏠

Mortgage Payment

Calculate your monthly P&I based on price, down payment, rate, and term.

Open calculator →
📊

Amortization Schedule

See the full month-by-month breakdown of principal, interest, and balance.

Open calculator →
Popular💰

Home Affordability

Find out how much house you can afford based on your income, debts, and down payment.

Open calculator →
🔄

Refinance Break-Even

Compare your current loan to a new one and see how long until savings offset closing costs.

Open calculator →
🏡

Rent vs. Buy

Compare the true 5, 10, and 30-year cost of renting versus buying in Florida.

Open calculator →
📅

Bi-Weekly Payments

See how paying every two weeks can save thousands in interest and years off your loan.

Open calculator →
📈

ARM vs. Fixed Rate

Compare adjustable-rate and fixed-rate mortgages side by side over your ownership period.

Open calculator →
⚖️

15 vs. 30 Year Mortgage

Side-by-side comparison of 15-year vs. 30-year mortgages — interest, payment, equity.

Open calculator →
🏛️

FHA Loan Calculator

Calculate FHA payments including MIP, total loan cost, and 3.5% down payment.

Open calculator →
🎖️

VA Loan Calculator

Estimate VA loan payments including the funding fee and savings from no PMI.

Open calculator →
🏦

HELOC Calculator

Calculate home equity line of credit draw and repayment based on your available equity.

Open calculator →
Popular📋

Debt-to-Income Ratio

Calculate your front-end and back-end DTI ratio to see if you qualify for a mortgage.

Open calculator →
FL-Specific📝

Closing Costs (Florida)

Estimate Florida-specific closing costs including doc stamps, title insurance, and more.

Open calculator →
💵

Cash-Out Refinance

Calculate your new loan amount, monthly payment, and cash from a cash-out refinance.

Open calculator →
📦

Investment Property ROI

Analyze cap rate, cash-on-cash return, and gross yield for Florida rental properties.

Open calculator →
New📐

Compound Interest

See how regular contributions grow over time with compound interest — great for down payment savings.

Open calculator →
Call UsSearchGet Started