01
Choose the Loan Type
Select conventional PMI, FHA-style insurance or a custom mortgage insurance structure.
Real Estate and Lending
Mortgage Insurance Calculator
Estimate conventional PMI, FHA-style mortgage insurance, upfront premiums, cancellation time, total insurance cost and your complete monthly housing payment.
PMI and FHA MIP estimates
Cancellation timeline
Complete housing payment
Mortgage and Insurance Details
Enter the home price, loan terms and mortgage insurance structure supplied by your lender.
Mortgage Insurance Estimate
Review your initial insurance premium, complete payment and estimated insurance duration.
Initial monthly mortgage insurance
$195.00
Added to the monthly mortgage payment
Initial total housing payment
$0.00
P&I, insurance, tax, HOA and MI
Estimated insurance end
Calculating
Based on the entered assumptions
Base mortgage amount
$0.00
Principal and interest
$0.00
Upfront insurance premium
$0.00
Total monthly premiums
$0.00
Total mortgage insurance cost
$0.00
Estimated cash at closing
$0.00
Down payment percentage
0.00%
Original loan-to-value
0.00%
Total financed balance
$0.00
Monthly tax
$0.00
Monthly homeowners insurance
$0.00
Monthly savings after removal
$0.00
Insurance payment months
0
Cancellation balance
$0.00
Total mortgage interest
$0.00
Financed premium interest
$0.00
Mortgage insurance is included under the entered
financing assumptions.
Mortgage insurance rates, premium duration and
cancellation requirements depend on the loan
program, lender, servicer, property and borrower.
Confirm all figures with the applicable provider.
Mortgage Protection
What Is Mortgage Insurance?
Mortgage insurance protects the mortgage lender or loan program against part of the risk of borrower default.
Mortgage insurance may be required when a buyer makes a smaller down payment or uses a mortgage program with an insurance requirement.
A conventional mortgage may include private mortgage insurance, commonly called PMI. An FHA-insured mortgage may include an upfront mortgage insurance premium and recurring annual mortgage insurance collected through monthly payments.
Mortgage insurance protects the lender or insurance program. It is different from homeowners insurance, which covers eligible damage or loss involving the property.
How It Works
How to Use the Mortgage Insurance Calculator
Estimate insurance premiums and your complete housing payment in four straightforward steps.
02
Enter Mortgage Details
Add the home price, down payment, mortgage rate, term and optional extra principal payment.
03
Add Insurance Rates
Enter the annual premium, upfront premium and treatment shown in your mortgage estimate.
04
Review the Estimate
Compare monthly insurance, cancellation time, total insurance cost and complete housing payment.
Insurance Measurements
Important Mortgage Insurance Figures
These measurements explain the insurance cost, mortgage leverage and potential payment reduction.
Annual Premium Rate
The annual mortgage insurance percentage used to estimate recurring monthly premiums.
Upfront Premium
A one-time insurance charge that may be paid at closing or financed into the mortgage.
Loan-to-Value Ratio
The mortgage balance compared with the original entered value of the home.
Insurance End Estimate
The estimated point when recurring insurance premiums end under the selected assumptions.
Mortgage Schedule
Mortgage Insurance Schedule Preview
Review the mortgage balance, premium and complete payment during the early repayment period.
| Payment | Mortgage Balance | Principal & Interest | Mortgage Insurance | Total Housing Payment | Estimated LTV |
|---|
Frequently Asked Questions
Mortgage Insurance Calculator FAQs
Helpful answers about PMI, FHA MIP, upfront premiums, cancellation and monthly mortgage payments.
The calculator multiplies the selected mortgage balance
by the entered annual insurance rate and divides the
result by 12. Actual providers may use different
premium calculations or rounding methods.
PMI generally refers to private mortgage insurance on a
conventional mortgage. FHA mortgage insurance is
associated with FHA-insured financing and may include
both upfront and recurring premiums.
Some mortgage structures permit eligible upfront
insurance costs to be added to the mortgage balance.
Financing a premium increases the amount on which
mortgage interest is calculated.
For many eligible conventional mortgages, a borrower
may request cancellation at a specified balance and
automatic termination may apply at a lower scheduled
balance. Payment history, property value and other
conditions may apply.
FHA mortgage insurance follows program-specific
duration rules rather than the conventional PMI
cancellation estimate. Use the insurance-duration field
provided by your lender or servicer.
With lender-paid mortgage insurance, the borrower may
not see a separate monthly insurance premium. The cost
may instead be reflected in a higher mortgage interest
rate or another pricing adjustment.
The result includes the entered property taxes,
homeowners insurance and HOA dues. It does not include
every possible closing cost, assessment, utility or
property expense.
No. Actual premiums depend on the insurer, loan program,
credit profile, down payment, occupancy, property type,
lender and final underwriting.
Important: This mortgage insurance
calculator is provided for general informational and
planning purposes only. It does not constitute a mortgage
offer, approval, insurance quote, financial advice, tax
advice, accounting advice or legal advice.