Guide
When Does PMI Drop Off?
Estimate PMI drop-off timing and total PMI paid with optional extra principal assumptions.
Quick answer: PMI often drops when your loan-to-value reaches lender thresholds, but exact rules vary by servicer and loan type.
How to use this guide
- Enter price, down payment, rate, and term.
- Add monthly PMI or rate assumptions.
- Model extra principal to see whether PMI may end earlier.
Common mistakes
- Servicer policy and loan program details can differ.
- Appraised value changes may alter cancellation timing.
- Rounding differences can shift projected month slightly.
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