Calcs4All

APR 23 · 2026

PMI removal calculator

Estimate current LTV and common PMI removal thresholds from original home value and current loan balance.

What this calculator covers

Use this PMI removal calculator to compare a current loan balance with common PMI threshold milestones based on the original home value.

The walkthrough keeps the current LTV and the remaining principal needed for common thresholds visible in one place.

Frequently asked questions

What are the common LTV thresholds for PMI removal?
For conventional loans, 80% LTV is a commonly cited level at which a borrower may request PMI cancellation, and 78% LTV is a threshold associated with automatic termination under federal law. The specific rules depend on your loan type, servicer, and payment history, so confirm the requirements with your lender.
Does this calculator use my current home value or the original purchase price?
It uses the original home value you enter, which is consistent with how many servicers calculate PMI thresholds for cancellation requests. An appraisal showing a higher current market value may support a different calculation path, but that process varies by lender.
Why might I still owe PMI even at 80% LTV?
Reaching the 80% threshold based on the original value is one condition, but lenders may also require a minimum number of payments, no recent late payments, and in some cases a new appraisal. Contact your servicer to learn the exact steps for your loan.
Does paying down principal faster help me remove PMI sooner?
Yes. Any extra principal payments reduce your outstanding balance, which lowers your LTV ratio and brings you closer to the removal thresholds more quickly than following the standard amortization schedule.

Tool

Run the calculation

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RESULT · CURRENT LTV

â„–046

Primary result

78.75%

A current balance of $315,000.00 against an original value of $400,000.00 equals 78.75% LTV. That meets the common 80% request threshold and does not yet meet the common 78% automatic-termination threshold.

Current LTV
78.75%
80% threshold balance
$320,000.00
78% threshold balance
$312,000.00
Principal needed to reach 80%
$0.00
Principal needed to reach 78%
$3,000.00

Step-by-step solution

  1. 1.Divide the current balance by the original value to estimate a current LTV of 78.75%.
  2. 2.Compare the current balance with the 80% threshold balance of $320,000.00 to see $0.00 of principal still needed for that milestone.
  3. 3.Compare the current balance with the 78% threshold balance of $312,000.00 to see $3,000.00 of principal still needed for that milestone.

Walkthrough

Visual walkthrough

PMI removal math compares the current loan balance against common LTV thresholds tied to the original home value.

  1. 01

    Calculate the current LTV

    $315,000.00 ÷ $400,000.00 = 78.75%

    The current balance compared with the original value gives the leverage level used for common PMI thresholds.

    78.75% current LTV

  2. 02

    Check the 80% request threshold

    Many borrowers focus first on the 80% LTV mark because that is a common request threshold for PMI cancellation.

    $0.00 remaining to 80%

  3. 03

    Check the 78% automatic threshold

    The 78% threshold is another commonly cited milestone, but actual servicing requirements still matter.

    $3,000.00 remaining to 78%