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PMI Estimator (Private Mortgage Insurance) |
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This PMI calculator will show you how much PMI (private mortgage insurance) will cost you if you're putting less than a 20% down payment on your home. |
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Since your home equity is 13.33%, you must pay PMI.
The estimated monthly amount you will pay for PMI is $56.29
Here are the best ways to eliminate paying PMI:
1) If your home appreciates to the point where you have 20% or more home equity
2) You pay down your loan balance until you reach 20% or more home equity
3) You get a different loan which does not require PMI |
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