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Estimated PMI by loan amount
| Loan | At 0.36%/yr | At 0.56%/yr | At 0.84%/yr |
|---|---|---|---|
| $150,000 | $45 | $70 | $105 |
| $200,000 | $60 | $93 | $140 |
| $300,000 | $90 | $140 | $210 |
| $400,000 | $120 | $187 | $280 |
| $500,000 | $150 | $233 | $350 |
| $700,000 | $210 | $327 | $490 |
Rates shown span the range our estimator uses (about 0.84% at 3% down to 0.36% just under 20% down). Credit score has a large effect; ask lenders for quotes.
Ending PMI
Request cancellation at 80% of the original value; it ends automatically at 78% if you are current.
Sources and assumptions
Related
Frequently asked questions
How much is PMI on a $300,000 loan?
About $90 to $210 a month using Freddie Mac's $30–$70 per $100,000 guide.
Is PMI worth it?
It costs money, but it lets you buy sooner with less than 20% down. Compare the PMI cost with how long it would take to save 20%.