01
Property file
Anchor the review to the home
The address starts the file, keeps the estimate tied to a real property, and gives the request a clean point of reference.
Inputs checked: Address, property context, estimated value
Most homeowners qualify to cancel PMI years before their lender tells them. Find out in 2 minutes, completely free.
80% LTV
typical borrower-request threshold
78% LTV
typical automatic termination point
No credit check
only mortgage details you choose to share
PMI rules vary by loan program, payment history, investor, and servicer. This is a first-pass eligibility screen, not legal advice.
How it works
CancelPMI treats the check like a lender file: establish the property, test the loan-to-value rule, then decide whether the request is worth moving forward.
01
Property file
The address starts the file, keeps the estimate tied to a real property, and gives the request a clean point of reference.
Inputs checked: Address, property context, estimated value
02
LTV test
Purchase price, current value, remaining balance, loan type, and monthly PMI are checked against the 80% borrower-request threshold.
Inputs checked: Balance, value, loan type, monthly PMI
03
Next action
When the numbers look promising, CancelPMI reviews the file and turns the result into a practical next step.
Inputs checked: Eligibility result, review path, request readiness
Output: a clear PMI status and whether your file is ready for a borrower-requested cancellation review.
Start the checkThe hidden cost
Automatic removal uses your original purchase price. If your home appreciated, waiting can cost thousands.
Wait for auto-cancel
Illustrative example
$8,400
wasted by staying on your lender's slower timeline
Cancel now with CancelPMI
Illustrative example
$18,000
kept in your pocket when the request goes out on time
Review criteria
The goal is a clear, defensible answer: whether your numbers support a borrower-requested PMI cancellation path.
Rule
We compare your current loan balance against your estimated current home value, not just the original purchase price.
Guardrail
Conventional PMI, FHA MIP, VA, USDA, and recent payment history can all change what is realistic.
Output
If your numbers look promising, we help turn the check into a clear review path instead of vague mortgage advice.
FAQ
Yes. The calculator is free to use. When you request a review, CancelPMI looks at your numbers and follows up about the best next step.
The current self-serve flow is built around conventional PMI. FHA, VA, and USDA loans follow different insurance rules.
Automatic cancellation usually uses 78% of your original purchase price. A borrower request can often use 80% of current value instead.
Check your eligibility in 2 minutes. It's completely free, no credit check, no commitment.