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PMI Ninja is a private company, not associated with the government or your lender.

PMI Ninja

Goodbye, PMI

Find out if you can stop paying private mortgage insurance. Start with your address.

  • Free to check
  • No credit check
  • Pay only if it’s removed

Federal law gives you the right to cancel PMI. PMI Ninja handles the paperwork with your lender, and you pay nothing unless it comes off.

−$200 a month

Example monthly payment

Principal & interest
$2,362
Property taxes
$310
Homeowners insurance
$128
Mortgage insurance (PMI)
$200
Payment today$3,000
After PMI is removed$2,800

PMI can cost $24,000 before it ends on its own.

On our example loan, PMI is $200 of a $3,000 monthly payment. Left alone, it runs about 10 years. Once it’s removed, the payment drops to $2,800.

See what PMI costs you

Homeowners Protection Act of 1998

80%You can ask your lender to cancel PMI
78%PMI has to end on its own

Loan balance as a share of your home’s original value

Federal law is on your side.

Under the Homeowners Protection Act, you can ask your lender to cancel PMI once you owe 80% of your home’s original value. At 78%, it has to end on its own. If your home has gone up in value, lender guidelines can let it come off years sooner.

When does PMI end?

Your loan after PMI comes off

  • Interest rate5.95%Same
  • Loan term30 yearsSame
  • LenderYour lenderSame
  • Credit checkNoneNever

No refinance. No credit check.

We use the cancellation path your loan already has. Your interest rate, your loan, and your lender stay the same, and we never pull your credit.

How it works

What you pay us, on the example loan

  1. Until your PMI is removed

    No upfront fee

    $0

  2. The 12 months after

    Your old PMI amount, paid to us

    $200/mo

  3. Every month after that

    $200 a month stays with you

    $0

You pay nothing unless it’s removed.

There’s no upfront fee. After your lender confirms in writing that your PMI is gone, you pay us your old PMI amount for 12 months. After that, you keep the full savings.

See pricing

Rather do it yourself?

Our free DIY kit gives you the rules, a phone script, and a ready-to-send letter for your lender. You can switch to full service at any time.

Get the free DIY kit

Two minutes for you.We handle the rest.

Enter your address, sign one authorization, and we take it from there.

Check my PMI
  1. 1

    Enter your address

    We look up your home’s sale record and estimate your PMI. It’s free.

  2. 2

    Sign one authorization

    It lets us get your loan details from your lender and file the request for you.

  3. 3

    We handle your lender

    We file the request, arrange the appraisal, and follow up until your lender answers in writing.

What is PMI costing you?

PMI is usually priced on your original loan amount, so it doesn’t shrink as you pay the loan down. Try your numbers for a rough estimate. We confirm the real figure with your lender.

$500,000
$100k$1.5M

Down payment

Your credit

Only used to pick a typical PMI rate. No score needed.

Per month
$297
Per year
$3,564
Over 10 years
$35,640

A rough estimate. We confirm your real PMI with your lender before any work begins.

Get my real number

Common questions

What is PMI?

PMI is private mortgage insurance. Most lenders require it when you buy a home with less than 20% down. It protects your lender, not you, if the loan isn’t repaid. Once you have enough equity, federal law gives you the right to cancel it.

Do I have to refinance?

No. There’s no new loan and no credit check. Your interest rate and your mortgage stay exactly the same. We use the cancellation path your loan already has.

What does it cost?

Nothing up front. If your PMI is removed, you pay us your old PMI amount for 12 months, starting after your lender confirms the removal in writing. If it isn’t removed, you owe nothing.

What if my lender says no?

If you meet the requirements, your lender has to cancel it. We know the criteria lenders follow and we follow up until your lender answers in writing. If your home’s value hasn’t risen enough yet, we keep your file open and try again when it has. You owe nothing for an attempt that doesn’t work.

Does this work for FHA loans?

Usually not. FHA loans carry MIP, not PMI, and it generally can’t be canceled the way PMI can. For most FHA borrowers, the only way out is refinancing into a conventional loan. We’ll tell you up front if your loan doesn’t qualify, before any work begins.

How long does it take?

Starting takes about two minutes. Most cases close in 30 to 60 days.

Will this affect my credit?

No. We never pull your credit. The process runs between us, an appraiser, and your lender.

Can I do this myself?

Yes. Our free DIY kit has the rules, a phone script, and a ready-to-send letter. If you’d rather have it handled, we do the paperwork and the follow-up, and you pay only if it works.

Find out in two minutes

Free to check. No credit check. You pay only if your PMI is removed.