PMI Mortgage Calculator

Banks and other lenders of the loans do not like to risk, so they protect themselves with the Private Mortgage Insurance (PMI). The borrower is required to pay for it until he or she does not pay enough lend money back to the bank (it is usually 20%). After that, his or her loan is not considered as a high risk anymore, so paying private mortgage insurance is not necessary.

With this calculator, we calculate when this will be.