Real Estate
PMI Removal Timeline Calculator
PMI auto-cancels at 78% LTV (by federal law) or you can request removal at 80%. Most homeowners get rid of it 3-7 years in.
Months to 80% LTV
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- Years to 78% (auto)
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- Equity at removal
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- PMI saved by removal
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FAQ
Can I request PMI removal early? +
Yes — at 80% LTV with a new appraisal showing current value. Costs $400-600 for the appraisal but saves $1000s/yr in PMI.
Does refinance kill PMI? +
Yes — if your new LTV is below 80%. Even cash-in refis can be worth it just to drop PMI.