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🏠 When Can I Remove PMI?

Calculate when you can remove Private Mortgage Insurance based on your loan balance, home value, and payment history. Stop paying unnecessary PMI fees!

LTV Analysis
Timeline Calculation
Savings Projection

Loan Information

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Home Value Information

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Payment Information

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PMI Status

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Enter your loan details to see when you can remove PMI and start saving money.

PMI Removal Guide 2025: Stop Paying Unnecessary Fees

When Can You Remove PMI?

  • 80% LTV Rule: Loan balance must be 80% or less of home value
  • Payment History: Must have made payments for required period
  • Good Standing: No late payments in recent months
  • Current on Payments: All payments must be up to date
  • Request Required: Must formally request removal from lender

Loan Type Requirements

  • Conventional Loans: 80% LTV + 24 months minimum
  • FHA Loans: 78% LTV + 60 months minimum (or 80% + 11 years)
  • VA Loans: No PMI (funding fee only, one-time)
  • USDA Loans: Annual fee throughout loan term
  • High-Risk Loans: May require appraisal for removal

Ways to Remove PMI Faster

Extra Principal Payments:
  • • Pay additional $100-500/month
  • • Apply windfalls to principal
  • • Make bi-weekly payments
  • • Target 80% LTV faster
Home Value Appreciation:
  • • Home improvements
  • • Market appreciation
  • • Get new appraisal
  • • Neighborhood development
Refinancing Option:
  • • Lower interest rate
  • • Reset with 20%+ equity
  • • No PMI on new loan
  • • Consider closing costs