When can I ask to remove PMI?
Many conventional loans allow you to request PMI removal when the loan reaches 80% of the home's current appraised value, subject to servicer rules and payment history requirements.
PMI Removal Calculator
Estimate request timing, automatic termination, and the payoff impact of extra principal
Loan details
Model both the original-value and current-value PMI thresholds lenders usually care about.
$
%
yrs
$
$
$
Removal strategies
See whether extra principal or appreciation gets you to the threshold first.
$
%
PMI removal status
73.5% LTV
You appear to be in range to request PMI removal now
Your current estimated loan-to-value ratio is already at or below the common 80% request threshold.
Current LTV
73.5%
Based on current value
Original-Value LTV
84.7%
Used for automatic timing
PMI left with plan
$0
Projected remaining PMI
Monthly savings
$185
When PMI ends
Request path
Can request nowYes
Months to 80% current value0 months
Value needed for request$381,250
Years by appreciation path0.0 yrs
Extra value still needed$0
Automatic path
Automatic threshold metNot yet
Months to 78% original value5 years
PMI without extra plan$0
Decision notes
- -Your extra payment plan accelerates PMI removal by 0 months.
- -Automatic termination based on original value is about 60 months away.
About This Tool
Equity timing
Estimate when PMI can drop and what speeds it up
This calculator compares current-value and original-value PMI removal paths so you can see whether extra principal or appreciation changes the timeline meaningfully.
Typical Use
About 1 minute
Best For
Borrowers trying to remove PMI without guessing at LTV thresholds
Main Output
PMI removal timing and savings estimate
Built Around
Standard mortgage math and planning assumptions
What to prepare
- Current balance, home value, original value, and remaining term
- Monthly PMI payment and any extra principal contribution
What you get back
- Estimated PMI request timing and automatic termination timing
- Projected months and dollars saved by accelerating principal
Why trust this view
- Frames PMI removal around balance, value, and threshold timing instead of rules of thumb
- Helps compare scheduled payoff against targeted extra-payment strategies
- Servicer requirements can differ, so confirmation is still needed before acting
Source notes and methodology details are available on our references page.
LTV ThresholdsPMI SavingsEquity Planning
Industry-Standard Calculations
Our calculations follow the Truth in Lending Act (TILA) guidelines and use standard financial formulas employed by major lending institutions.
Monthly Payment Calculation
M = P[r(1+r)^n]/[(1+r)^n-1]Where M = monthly payment, P = principal loan amount, r = monthly interest rate, n = number of payments
Amortization Schedule
Standard declining balance methodEach payment is split between interest (calculated on remaining balance) and principal reduction
APR Estimation
Includes interest + fees over loan termAnnual Percentage Rate calculations include all financing charges as required by Truth in Lending Act (TILA)
About MortgageCalcMaster
Content is published under the MortgageCalcMaster editorial team workflow, currently led by the site operator, reviewed against public mortgage and consumer-finance sources, and updated when assumptions, formulas, or product behavior materially change.
Last reviewed: March 2026. All calculators and guides are intended for education and planning. They do not replace lender disclosures or advice from licensed professionals. Learn more about our editorial process
How to Use PMI Removal Calculator
1
Enter your current mortgage balance, remaining term, and the monthly PMI charge you are trying to eliminate.
2
Use both the original home value and your best estimate of current market value so you can compare request and automatic-removal paths.
3
Add any extra principal payment you plan to make each month to see whether it materially accelerates the timeline.
4
Review both the 80% current-value request path and the 78% original-value automatic path before contacting the servicer.
Key Terms Explained
- Current LTV
- Current loan balance divided by current home value.
- Original LTV
- Current loan balance divided by the original property value used when the loan closed.
- PMI Removal Request
- A borrower-initiated request to end PMI once the lender or servicer criteria are met.
- Automatic Termination
- The required end of PMI at the servicer threshold, usually tied to original value and amortization timing.
Pro Tips
- Servicers may require an appraisal, clean payment history, and no subordinate liens before approving a request.
- If current value is doing most of the work, confirm whether paying for a new appraisal is worth it relative to the PMI left on the schedule.
- Use extra payments surgically; the best PMI strategy is the one that improves both equity timing and overall cash-flow resilience.
Important Note
This calculator provides estimates based on standard formulas. Actual loan terms may vary based on your credit score, lender policies, and market conditions. Always consult with a qualified mortgage professional before making financial decisions.
Related Guides
Use these guides to understand PMI rules, down payment tradeoffs, and removal tactics.
Guide
PMI Guide
Understand how PMI is priced, when it applies, and how it affects monthly cost.
Guide
PMI Removal Guide
Learn the servicer, appraisal, and timing details behind successful PMI removal requests.
Guide
Down Payment Guide
See how your starting equity position influences PMI and cash to close.
FAQ
PMI Removal Calculator FAQ
These answers explain the assumptions behind the calculator so users can interpret the output with the right context.
What is the 78% rule?
For many conventional loans, PMI must automatically terminate when the balance reaches 78% of the original property value based on the original amortization schedule, assuming you are current.
Do extra payments help remove PMI faster?
Yes. Extra principal payments reduce the balance sooner, which can move the loan to the PMI removal threshold months earlier.