Original value versus current value
A $330,000 balance is 82.5% of a $400,000 original value but 73.3% of a $450,000 current estimate. A servicer may still require a written request, acceptable payment history and its own valuation.
PMIExit • US conventional mortgage planning
80PMI Removal Calculator: Check Your Mortgage LTV
Estimate loan-to-value, principal needed to reach 80% LTV and annual private mortgage insurance cost.
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Using this tool
Compare the balance with the correct property value
Enter the property's original value, current mortgage balance, estimated current value and monthly PMI. PMIExit compares loan-to-value using both original and current value and shows the principal reduction needed to reach 80% under each assumption.
Reading the output
Eighty percent is a request point, not a promise
Loan-to-value and principal needed
Loan-to-value = current loan balance divided by property value times 100. Principal needed for 80% LTV = current balance minus 80% of the selected value, floored at zero.
Use the servicer's process
- Use the original value from the closing documents for the original-value comparison.
- Do not assume an online home estimate satisfies the servicer's valuation requirements.
- FHA mortgage insurance and lender-paid mortgage insurance follow different rules.
Before relying on the result
PMI cancellation and FHA differences
Does reaching 80% LTV guarantee PMI cancellation?
No. Conventional borrower-requested cancellation can depend on the loan, payment history, property value, liens and servicer process.
Does this calculator apply to FHA MIP?
No. FHA mortgage insurance has separate duration and cancellation rules.