Conventional mortgage · Understand your PMI timeline
Estimate when you could ask to stop paying private mortgage insurance—and whether extra payments could get you there sooner.
Use your closing documents. Today's home value is not used in this calculation.
For a purchase, generally the lower of original purchase price and original appraised value.
Months completed since the original payment schedule began.
Only if your servicer requires it. Ask before paying for an appraisal.
Check your statement or ask your servicer whether you pay borrower-paid PMI on a conventional fixed-rate loan. We will not show a removal date until you confirm the loan type.
It models typical borrower-paid PMI on an unmodified conventional fixed-rate mortgage for a single-family primary residence. Confirm the loan type and payment conditions before viewing a result. FHA, VA, USDA, adjustable-rate, lender-paid PMI, high-risk exceptions, and current-value appraisal routes are outside this tool's scope.
Extra principal can bring forward the actual-balance milestone for requesting cancellation. The automatic 78% milestone is based on the original payment schedule, not an accelerated payoff schedule. Approval, payment history, property value, and other requirements must be confirmed with your servicer.
No. The result is a planning estimate, not permission to stop paying. Ask your servicer for written cancellation requirements, any valuation fee, and the date it will stop the charge. Continue making required payments until the servicer confirms a change.