Calculator

PMI Calculator

Estimate monthly private mortgage insurance from balance and annual PMI rate.

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This calculator applies the displayed mortgage formula directly to your inputs. It keeps full precision during the calculation and rounds only the displayed result.

PMI formulaMonthly PMI = balance × annual PMI rate ÷ 12

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Using the default example values, the calculator substitutes 360,000 and 0.6 into the formula. Change the values to model your own scenario.

Arvutuse eeldused

  • The values entered for mortgage balance and annual pmi rate are accurate for the scenario.
  • Rates and recurring amounts remain constant for the period represented by the formula.
  • Provider fees, taxes and timing differences are excluded unless they are explicit inputs.