Mortgage Calculator With PMI

See how PMI changes your payment when you put down less than 20%.

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Private mortgage insurance (PMI) is required by most lenders when your down payment is below 20%. This calculator estimates monthly PMI from your loan-to-value and adds it to your payment, so you can see the real cost of a smaller down payment.

How this calculator works

Enter your numbers and the monthly payment recalculates instantly — no submit button, no page reload. The payment breakdown separates principal, interest, taxes, insurance, PMI and HOA. Use the tabs to view a full amortization schedule, compare scenarios side by side, or work backward from a monthly budget. Your inputs are encoded in the page link so you can bookmark or share a scenario without any account.

Frequently asked questions

When do I have to pay PMI?

PMI is generally required when your down payment is less than 20% of the home price. It can usually be removed once you reach about 20–22% equity.

How much is PMI?

PMI typically runs about 0.3%–1.5% of the loan amount per year, depending on your credit and down payment. Adjust the PMI rate field to match your quote.

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