Estimate insurance cost
Use lender quotes, Loan Estimates, and official program disclosures before choosing a loan. This estimate does not replace underwriting or agency rules.
Results
| Item | Estimate | What it means |
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Methodology
Loan balance and LTV
Base loan amount is purchase price minus down payment unless a loan amount override is entered. LTV is base loan amount divided by purchase price.
Monthly and upfront cost
Monthly insurance equals base loan amount times the annual insurance rate divided by 12. Upfront MIP, funding fees, or guarantee fees equal base loan amount times the upfront fee rate.
Removal estimate
For conventional PMI only, the calculator amortizes the base loan until it reaches 80% of the original value. Servicer, investor, seasoning, appraisal, and payment-history rules are not modeled.
Actual PMI/MIP/funding fees depend on lender, program, credit, occupancy, loan amount, first-use VA status, disability exemption, property type, and current rules. Refer to official disclosures and your Loan Estimate.