Mortgage Calculator with PMI

Calculate your mortgage payment including Private Mortgage Insurance (PMI) for loans with less than 20% down.

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Loan Details

$
$
%
30 years
%

Loan Summary

Loan Amount$360,000
Loan-to-Value (LTV)90.0%

Monthly Payment

Principal & Interest$2,275
PMI$150
Total Monthly Payment$2,425

PMI Details

PMI Drops Off At Month110
Total PMI Paid$16,350
Total Interest$459,160
How it works›

Model and assumptions. Adds the modeled property tax, insurance and mortgage-insurance costs to principal and interest. The loan payment uses a fixed monthly rate and level payments. Enter actual premiums and local costs; insurance eligibility, cancellation and escrow adjustments can differ by loan.CFPB: mortgage termsOpenStax: annuity formulas