When can I get rid of PMI?
PMI isn't forever. Between paying the loan down and the home appreciating, you'll reach 20% equity — and this tool estimates the month it happens, what you'll have paid in PMI until then, and the yearly savings after. The part servicers don't advertise: removal often isn't automatic before 78% of the original value, so if appreciation gets you there early, you typically must request it. A phone call worth hundreds a year.
PMI removal date
Between paying down the loan and the home appreciating, when do you hit 20% equity — and what does dropping PMI save?
Removal isn't always automatic before 78% of the original value — if appreciation gets you to 20% early, you typically must request removal and may need an appraisal. A phone call worth hundreds a year.
Educational estimate, not a loan offer or financial advice. Rates, taxes, and program rules vary — a licensed professional can turn these ranges into real numbers for your situation.
Want a human to look at your numbers? BuyerMath is built by Gavin Guthrie of The Mortgage Collective — a free 15-minute "where do I stand?" call costs nothing and isn't a test you can fail.
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