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Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.
Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV.
Enter values above and click Calculate — results will appear here with the formula explained.
PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more.
PMI drops at 80% LTV via amortization or appraisal. This estimates years until 80% at standard payment.
For YMYL, PMI is sunk cost — 20% down avoids it, but waiting to save may cost more in rent and appreciation.
Estimate PMI cost from loan, LTV and credit — see monthly PMI, yearly and total PMI until 80% LTV. Formula: PMI rate: excellent 0.3%, good 0.6%, fair 1.0% yearly of loan.
PMI yearly rate depends on LTV and credit. At 90% LTV: excellent ~0.3%, good ~0.6%, fair ~1.0% of loan amount per year. Higher LTV and lower credit cost more.
PMI drops at 80% LTV via amortization or appraisal. This estimates years until 80% at standard payment.
For YMYL, PMI is sunk cost — 20% down avoids it, but waiting to save may cost more in rent and appreciation.
With $360k loan, 90% LTV, good credit 0.6%: yearly $2,160, monthly $180, until 80% in ~6 years, total ~$12,960.
Formulas are standard public references (see our methodology). External standards are cited in the text where they apply.
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