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 PMI Estimator (Private Mortgage Insurance)

This PMI calculator will show you how much PMI (private mortgage insurance) will cost you if you're putting less than a 20% down payment on your home.
Your purchase price

Your loan amount

Your current interest rate

Term (usually 30 or 15 years)

Monthly Payment (principal & interest only)

PMI

Total Monthly Payment w/PMI

Your home equity must be 20% or more to avoid PMI

The equity in your home
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Since your home equity is 13.33%, you must pay PMI.
The estimated monthly amount you will pay for PMI is $56.29
Here are the best ways to eliminate paying PMI:
1) If your home appreciates to the point where you have 20% or more home equity
2) You pay down your loan balance until you reach 20% or more home equity
3) You get a different loan which does not require PMI
NOTE: We highly recommend seeking a qualified loan consultant for a more accurate representation
For the latest mortgage rates click here
Click on the ? for explanation of any mortgage term.

Calculator Disclosure
The calculated results are not guaranteed to be accurate and are in no way are endorsed, offered or guaranteed by MortgageCalculators123, its affiliates, sister sites, or parent company. The information provided with these calculators is for illustrative purposes only. Any information entered can and may vary from your actual loan. Any tax results (property or income tax) are based on user inputs and cannot be considered accurate simply due the each state's and counties tax laws; we highly recommend you should seek a qualified tax advisor and loan consultant for a more specific and personalized profile. All figures including principal, terms and interest rates are strictly hypothetical.
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Rates as of     03-25-05 Today
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