PMI Drop Date Calculator

PMI typically cancels automatically at 78% LTV and can be requested at 80%, based on the original schedule or a new appraisal depending on lender rules.

Extra principal payments or rising home value can reach the 80% LTV threshold sooner. Some lenders allow removal with a new appraisal.

PMI is a monthly cost added until you reach the LTV trigger. This tool estimates total PMI paid and the expected drop date under your assumptions.

See Mortgage Calculator for payments, Recast vs Refi to adjust payments, and Home Affordability for planning.