PMI calculator
Private mortgage insurance (PMI) is typically required on conventional loans when you put down less than 20%. Estimate your monthly PMI cost based on your home price, down payment, and credit score.
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Estimated PMI results
Monthly PMI
$0.00
Principal & Interest
$0.00
Total monthly (P&I + PMI)
$0.00
Loan-to-value (LTV)
0%
Loan amount
$0.00
Annual PMI rate
0.00%
About PMI costs
Zillow says private mortgage insurance is generally required when the loan amount is greater than 80% of the home purchase price, which means smaller down payments can raise monthly housing costs. Bank of America also says borrowers typically will not have to pay PMI with a down payment of at least 20%.
PMI rates vary depending on your credit score and the size of your down payment. Generally, the higher your credit score and the larger your down payment, the lower your PMI rate will be.