Mortgage Insurance Estimate Worksheet

Calculate your monthly PMI or MIP cost based on loan type and LTV

Purchase Details

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Frequently Asked Questions

PMI (Private Mortgage Insurance) is for conventional loans with less than 20% down. MIP (Mortgage Insurance Premium) is required on all FHA loans regardless of down payment.
For conventional loans, PMI can be removed at 80% LTV. For FHA loans taken after 2013, MIP stays for the life of the loan unless you put 10%+ down (then it drops off after 11 years).