How Much is PMI on a $200,000 Loan?
Calculate the monthly PMI cost on a $200,000 loan at a 0.85% PMI rate with a $250,000 home value.
How to use this tool
- Enter loan amount, pmi rate, current home value and monthly principal paydown in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your monthly pmi cost and the full breakdown beneath it.
Find out exactly how much you pay each month for private mortgage insurance on a $200,000 loan.
Frequently asked questions
- How do I cancel PMI?
- Under US law (Homeowners Protection Act), you can request PMI cancellation in writing once your loan-to-value ratio reaches 80% based on original value. It auto-cancels at 78% LTV. You may need a new appraisal if relying on appreciation.
- How much does PMI cost?
- PMI typically costs 0.5–1.5% of the loan amount per year, paid monthly. The rate depends on your credit score, down payment size, and loan type. A larger down payment or higher credit score means lower PMI.