PMI Calculator
Result
PMI Calculator Estimate Private Mortgage Insurance cost. — free online calculator.
Formula
- PMI Calculator calculates its result from Loan Amount, Home Value, Annual PMI Rate. It uses the formula Monthly PMI = Loan × PMI Rate% / 12. Change any input to recalculate the result instantly.
- The main inputs are Loan Amount, Home Value, Annual PMI Rate. Enter them in the units and format shown in the calculator.
- Use monetary amounts, rates and time periods exactly as labeled; the result reflects the assumptions entered on this page.
- Changing any input above recalculates the result with the same calculation engine used by this page.
Example: PMI
- Loan Amount: 200000
- Home Value: 220000
- Annual PMI Rate: 0.7
Using Loan Amount = 200000, Home Value = 220000, Annual PMI Rate = 0.7, the calculated result is 116.6666666667.
Sample result: Calculating…
Frequently asked questions
What does the PMI calculate?
PMI Calculator Estimate Private Mortgage Insurance cost. — free online calculator.
Which values should I enter?
Enter Loan Amount, Home Value, Annual PMI Rate using the units and format shown beside each field.
What formula does this calculator use?
The calculator uses the following relationship: Monthly PMI = Loan × PMI Rate% / 12.
Why might my result differ from another source?
Results can differ when another source uses different units, rounding rules, conventions or assumptions. Compare the inputs and definitions before comparing results.
Does the result update automatically?
Yes. Changing an input updates the result using the same calculation engine shown on this page.