PMI cost and end dates
Fill in the loan and the premium. The dates follow from the original schedule.
The result is a calculation on your figures. It is not a guaranteed saving or an offer.
At 20 percent down or more, conventional loans usually carry no PMI, so there is nothing to calculate here.
Three dates on your original schedule
The month your scheduled balance reaches 80 percent of the original value. You have to ask in writing and meet the conditions below.
The month your scheduled balance reaches 78 percent of the original value, if you are current on payments.
The month after the midpoint of the loan term, if you are current, even if the balance is still higher.
What a cancellation request needs
Your servicer makes the final decision. Cancellation requires a written request and a good payment history, and the servicer may ask you to show that the home has not lost value, for example with an appraisal, and that there are no other liens on it.
For illustrative purposes only. Not a loan offer or commitment to lend. Cindrus is not a lender, mortgage broker or loan originator, we pass no information to lenders, and no lender pays us.
This calculation is not a loan offer or a personal recommendation about mortgage insurance.
Basis: your original value, loan, rate, term and PMI rate, and the thresholds in the Homeowners Protection Act. The rate and costs you can actually get may differ.
- A fixed rate and the original amortization schedule.
- Payments in full and on time every month.
- A loan for a single-family principal residence closed on or after July 29, 1999. Other loans can follow other rules.
- The PMI rate stays the same until the end date.
Your next step.
Take the result with you.
Free. No account.
- Write down the figures you used: you find them under «Understand the number».
- Ask what it costs in total, not only what the payment will be.
- Ask whether the rate is fixed and what can change it.
- Ask for the offer in writing, so you can compare it calmly.
- Ask what is not included in the figure.
Ready to talk to the bank?
Your figures and the right questions, on one page.
- Costs and rate
- Fees and remaining balance
- The assumptions behind the figure
Follow your loan.
Your loan and your calculations, in one place.
- Your calculations saved in one place
- Your financial overview
The account is free.
The calculator is free without an account. Not personal advice.
Your bank conversation
Ask the bank about these six things.
Based on your calculation. Not personal advice.
How the premium and the dates are worked out
The monthly premium is the original loan times your yearly PMI rate, divided by twelve, or the monthly amount you typed. Some policies are priced in other ways; your Loan Estimate or statement shows which one you have.
The calculator builds your original amortization schedule from the loan, rate and term. It then finds the first month the scheduled balance is at or below 80 percent and 78 percent of the original value, and the month after the midpoint of the term.
Those three points come from the Homeowners Protection Act as the CFPB explains it. A request can come earlier if extra payments bring your actual balance down faster. Automatic and final termination are tied to the original schedule.
Some servicers also allow a request based on the home's current value, under the rules of whoever owns the loan. That depends on your servicer and an appraisal, so the calculator does not estimate it.
- CFPB: When can I remove private mortgage insurance (PMI) from my loan? (consumerfinance.gov, last reviewed 08/28/2026, read 10/21/2026)
- 12 U.S.C. 4901-4903, Homeowners Protection Act (govinfo.gov, 2023 edition, read 10/19/2026)
- CFPB: What is private mortgage insurance? (consumerfinance.gov, read 10/19/2026)