Loan-to-Value Calculator for PMI
For PMI removal under the Homeowners Protection Act, loan-to-value milestones are 80% (borrower may request cancellation) and 78% (automatic termination on the original schedule). This is not a general home-equity calculator — it keys off original value at closing, not today's market price.
Worked example: $380,000 purchase, $375,000 appraised (original value $375,000), $342,000 loan at 6.125% for 30 years. LTV at each milestone is balance divided by that original value.
Changing today's estimated value in the controls does not move either milestone — it only supports copy about the separate appraisal-based path you can ask your servicer about. Controls below enter your loan details and download a printable plan. Not financial advice.
Your loan numbers stay in your browser. We never see them, and nothing is saved.
Scope
Scope: private mortgage insurance on conventional loans, US, single-family primary residence, under the Homeowners Protection Act (HPA). FHA and VA loans follow different rules — see loan type selector.
Original value (lesser of purchase price and appraised value): $375,000.00
80% cancellation request: Month 98 — actual balance, extras count
78% automatic termination: Month 112 — scheduled balance, extras ignored
Midpoint backstop: Month 180 (original 30-year term)
Today's estimated value ($450,000.00) is shown for reference only — LTV milestones use original value. Some servicers cancel PMI earlier when a new appraisal shows appreciation or improvements. That is not an HPA right — investor guidelines vary, seasoning applies, and you pay for the appraisal. This tool does not put a date on that path.
This is an estimate for planning, not financial advice.
Schedule rows around milestones
| Month | Balance | LTV | Milestone |
|---|---|---|---|
| 96 | $300,953.32 | 80.25% | |
| 97 | $300,411.41 | 80.11% | |
| 98 | $299,866.73 | 79.96% | 80% request (actual balance, extras count) |
| 99 | $299,319.27 | 79.82% | |
| 100 | $298,769.02 | 79.67% | |
| 110 | $293,109.62 | 78.16% | |
| 111 | $292,527.67 | 78.01% | |
| 112 | $291,942.75 | 77.85% | 78% automatic (scheduled balance, extras ignored) |
| 113 | $291,354.84 | 77.69% | |
| 114 | $290,763.93 | 77.54% |
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Cancellation request checklist
- Written cancellation request to your servicer (certified mail recommended)
- Proof of good payment history on the loan
- Evidence the property has not declined in value (servicer may require an appraisal at your cost)
- Confirmation there is no subordinate lien on the property
- Loan number, property address, and contact information in the letter