See your loan-to-value ratio and find out if you can drop PMI today.
Your equity has already crossed 20%. PMI Ninja confirms it with a professional appraisal and handles every servicer form for you — most removals wrap up in 30–60 days.
Numbers are illustrative. Lenders cancel PMI at 80% LTV on request and terminate it automatically at 78%. Your servicer will require an appraisal to confirm your home's value — PMI Ninja handles that for you.
PMI exists to protect your lender while you have less than 20% equity. Once you cross that line, it can go.
Use your latest mortgage statement for the balance and a recent estimate for your home's value.
The calculator divides what you owe by what your home is worth. Below 80%, PMI can come off.
If you qualify, an appraisal confirms it. If you're close, you'll see exactly how far away you are.
PMI removal is based on your loan-to-value ratio (LTV) — your current loan balance divided by your home's current value. When that ratio drops to 80%, you can request PMI cancellation. At 78%, lenders are legally required to remove it automatically.
Yes. This is a loan-to-value (LTV) calculator built specifically for PMI removal. It divides your loan balance by your home's value to find your LTV ratio, then shows it against the two thresholds that matter: 80%, where you can request PMI cancellation, and 78%, where removal is automatic. It also estimates how much appreciation or paydown you'd need if you're not there yet.
You need at least 20% equity, meaning your loan balance is no more than 80% of your home's value. Many homeowners reach this faster than expected because their home appreciated in value — not just from paying down the loan.
Yes. If your home has appreciated, your loan-to-value ratio may already be below 80% even if you haven't paid much principal. Your lender will require an appraisal to confirm the new value — and that's exactly the process PMI Ninja manages for you.
FHA loans use mortgage insurance premium (MIP), which follows different rules than conventional PMI. The LTV math here still helps you understand your equity, but FHA MIP often can't be canceled by appraisal alone. Get a free evaluation and we'll tell you your options.
Yes, completely free with no sign-up required. PMI Ninja only charges if we successfully remove your PMI — and there's zero upfront cost to get started.
The calculator shows you where you stand. PMI Ninja handles the appraisal and paperwork to make it official — with zero upfront cost.