Results
Estimated loan amount
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Loan to value
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Estimated monthly mortgage insurance
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Enter a home price and down payment and choose loan type to see an estimate.
If you want a quick breakdown of how to remove this cost sooner, you can check my guide.
How to use this Mortgage Insurance Calculator
- Type in the home price you’re looking at.
- Put in either your down payment percentage or the actual dollar amount.
(You don’t need both, the calculator will auto–fill the other one for you.) - Choose whether you’re doing a conventional loan or FHA.
- Pick your credit score range. Don’t overthink it.
- Hit “Calculate Mortgage Insurance.”
- your estimated loan amount
- your loan-to-value
- what your monthly mortgage insurance would roughly be
- your annual mortgage insurance rate
If your LTV is at or below 80 percent, you’ll see that you likely don’t need PMI.
If it’s above 80 percent, you’ll get an estimate of what that cost looks like month-to-month.
This is just an estimate, but it gives you a solid idea of where you stand before talking to a lender.
