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Private Mortgage Insurance Calculator


Do you need Private Mortgage insurance (PMI)? How much will PMI add to my house payments each month?

Use HomeGain's Private Mortgage Insurance calculator to calculate house payments with PMI added and the down payment needed to avoid PMI insurance. Most lenders require Private Mortgage Insurance (PMI) if the borrower has less than 20% equity in a home. With the appreciation in your home value, you might already have more than 20% equity and not know it. Use our PMI savings calculator to determine if you could save $300 to $2,000 or more every year. If you are using this calculator before you buy your new home, find a REALTOR® to help you buy a home at the right price and with enough down payment to avoid PMI.

Private Mortgage Insurance Calculator


PMI Payment/Month1 $
Purchase Price of Home $
Original Down Payment    %
Current Loan Outstanding $
Current Value of Home $
Please enter only in whole numbers and omit any Dollar Sign ($) or Comma (,) in your input above.
 



In calculating the transaction cost percentage, please bear in mind that transaction costs typically include agent commissions, title fees, escrow fees, local transfer taxes, legal fees, and all other miscellaneous charges customarily paid by the seller in your area. These fees typically total 10% of the home selling price, but can vary widely depending on your location.