PMI Removal Timeline Calculator
Find exactly when your loan reaches 80% LTV so you can cancel Private Mortgage Insurance.
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Check your loan statement
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Results
Months Until PMI Removal
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Total PMI Cost
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from today until removal
Balance at PMI Removal
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loan balance at 80% LTV
Current LTV
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80% LTV Target Balance
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pay down to this to request PMI removal
How PMI Removal Works
Private Mortgage Insurance (PMI) is required when your down payment is less than 20% of the purchase price. It protects the lender — not you — in case of default. Once your loan balance falls to 80% of the original home value (LTV of 80%), you can request cancellation of PMI. By law (Homeowners Protection Act), your lender must automatically cancel PMI when your balance reaches 78% LTV on the original amortization schedule.
You do not have to wait for automatic cancellation at 78%. You can proactively request removal at 80% LTV by contacting your servicer, which may require a written request and an appraisal.
How to Remove PMI Faster
- Make extra principal payments — Even small additional payments each month accelerate the timeline significantly.
- Request a new appraisal — If your home has appreciated significantly, your current LTV based on current value may already be at or below 80%, even if the original-value LTV hasn't reached that threshold yet. Some servicers will consider current value with a formal appraisal.
- Refinance — If rates have dropped or your home value has risen substantially, refinancing into a new loan with 20%+ equity eliminates PMI entirely.