How the PMI target is estimated
This tool divides your current balance by the original home value to estimate loan-to-value (LTV). An 80% LTV means the balance is 80% of the original value. The estimate does not replace the servicer’s amortization schedule, valuation or investor rules.
Conventional PMI cancellation basics
The Consumer Financial Protection Bureau explains that borrowers may be able to request cancellation at 80% and that automatic termination generally occurs at the scheduled 78% point when conditions are satisfied. Contact the servicer before stopping payments; only the servicer can remove the charge.
Use the result with a full payment model
Pair this estimate with the Mortgage Calculator to see principal, interest, taxes and insurance. If you are considering a refinance, compare closing costs and break-even timing in the Refinance Calculator. FHA borrowers should use the FHA Calculator and review current FHA MIP guidance.
Educational estimate only—not a servicing instruction, lending offer, tax opinion or guarantee of cancellation. Your note, investor and applicable law control.