Loan Tax CalculatorPMI Calculator
Calculate Private Mortgage Insurance costs based on your loan amount, down payment, and credit score. See monthly PMI payments and when you can remove it.
Estimated monthly PMI
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- Annual PMI
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- Loan amount
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- PMI rate
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PMI applies below 20% down and can usually be removed near 20–22% equity on conventional loans. Starting with the 2026 tax year, PMI premiums are permanently deductible with no income phase-out.
Results are planning estimates based on the formula shown below. They are not a quote, a loan approval, or tax advice.
Worked example
- Purchase Price
- $300,000
- Down Payment
- $30,000 (10% LTV 90%)
- Loan Amount
- $270,000
- Credit Score
- 720
- Annual PMI
- $2,130 (0.79% rate)
- Monthly PMI
- $178
How it works
Annual PMI Premium = Loan Amount × PMI Rate (varies by credit score). Monthly PMI = Annual Premium / 12. PMI rates: 620-639 credit score (1.50%), 640-659 (1.31%), 660-679 (1.23%), 680-699 (0.98%), 700-719 (0.79%), 740-759 (0.58%), 760+ (0.46%) as percentage of original loan amount.