Identify the loan first: this planner is for borrower-paid PMI on a conventional loan. FHA, VA, USDA, lender-paid, and some nonconforming loans follow different rules.
Conventional loans only
Estimate key PMI dates
Current original-value LTV
78.33%
Your entered balance is at or below 80% of the original value.
This is a screening result, not approval. Borrower-requested cancellation can depend on payment history, property value, subordinate liens, and servicer documentation.
Scheduled 80% date
October 2033
Estimated from the original amortization schedule.
Scheduled 78% date
September 2034
Automatic termination rules still require the loan to be current.
80% balance threshold
$240,000.00
78% balance threshold
$234,000.00
Current-value LTV
67.14%
This planner does not apply the separate rules for FHA mortgage insurance, VA funding fees, USDA annual fees, lender-paid mortgage insurance, or every nonconforming loan. Ask the servicer which rule governs your loan.
What to ask the servicer
- Is this conventional borrower-paid PMI?
- What is the official cancellation date in the loan record?
- Can extra principal payments support an earlier request?
- Is an appraisal or other property-value evidence required?
- What payment-history or lien requirements apply?