Financial
PMI Calculator
PMI Calculator
Home Price: $
USD
Mortgage Amount: $
USD
PMI Rate:
%
Estimated Monthly PMI Payment =
Estimated Annual PMI Payment =
This PMI Calculator helps provide you an estimate of the private mortgage insurance you'll pay for a mortgage loan based on your FICO credit score and associated PMI rate. Usually, lenders require borrowers to pay for private mortgage insurance (PMI) when a borrow put a down payment less than 20% of the home purchase price.
PMI Rate Chart
| FICO Credit score | 619 and below | 620 - 659 | 620 - 659 | 700 - 759 | 760 and above | |
|---|---|---|---|---|---|---|
| LTV ratios | 97.01% and above | 0 | 1.70% | 1.20% | 0.75% | 0.50% |
| 95.01% - 97% | 0 | 1.6 | 1.19 | 0.74 | 0.49 | |
| 90.01% - 95% | 0 | 1.5 | 1.18 | 0.73 | 0.48 | |
| 85.01% - 90% | 0 | 1.4 | 1.17 | 0.72 | 0.47 | |
| 85% and below | 0 | 1.3 | 1.17 | 0.71 | 0.46 | |
| Add adjustments if loan is $400,001 or more. | Second Home | 0 | -0.10% | -0.10% | -0.10% | -0.10% |
| Refinance | 0 | 0.10% | 0.10% | 0.10% | 0.10% | |
| Investment property | 0 | 0.20% | 0.20% | 0.20% | 0.20% |
