Financial Calculators
PMI Calculator
Estimate annual and monthly private mortgage insurance from loan amount and PMI rate locally in your browser.
Enter the loan amount and the annual PMI rate (blank means the common 0.5% guideline) to see the estimated annual and monthly private mortgage insurance. This calculator runs privately in your browser; your numbers are not uploaded or stored.
See yearly PMI before you buy.
Enter the loan amount and the annual PMI rate, blank for the common 0.5% guideline, to see the estimated annual and monthly private mortgage insurance. This private browser estimate is for general planning only, not financial advice; your values are not uploaded or stored.
Frequently Asked Questions
Everything you need to know about this tool, how it works, and privacy.
What formula does the PMI calculator use?
It uses annual PMI = loan amount x (PMI rate / 100) and monthly PMI = annual PMI / 12. For example, a 280000 loan at a 0.5 percent rate gives a 1400 annual PMI and about a 116.67 monthly PMI.
What PMI rate should I use?
Leave the rate blank for the common 0.5 percent guideline, or enter your own value from 0 percent to 2 percent. Actual PMI rates vary by lender, loan type, down payment size, and credit profile, so check your loan estimate and treat the result as a planning starting point.
Which inputs are accepted?
Enter a loan amount greater than zero through 1000000000 and an optional annual PMI rate from 0 percent to 2 percent. Displayed amounts are rounded to two decimal places.
Do my values stay private, and is this financial advice?
Yes. The calculation and copy action run locally in your browser. CodeASystem does not upload or store the values you enter. This is a general planning estimate, not financial advice.