Wait for automatic removal
Uses the original purchase price to test the rule.
Illustrative example
$8,400
possible PMI paid while waiting
Stop paying extra for PMI.
PMI protects your lender, not you. If you have enough equity, you may be able to cancel it now. If not, we’ll show you how close you are.
Free eligibility check. About two minutes. No credit card.
Your mortgage balance compared with your home’s value
The smaller your mortgage balance is compared with your home’s value, the more of the home you own. That equity may let you cancel PMI sooner.
Example home
Estimated value today
$412,000
Mortgage still owed$331,300
Equity$80,700
Mortgage still owed
$331,300
Your equity
$80,700
This example is $1,700 from the common request point of $329,600. We show each homeowner whether they may qualify now or how close they are.
Original mortgage
$368,000
Principal paid
$36,700
Mortgage balance today
$331,300
Lenders call this comparison loan to value. Payment history, property value, loan type, and servicer rules still determine final approval. Example values are illustrative.
How the check works
- 01
Add your address
We’ll find your property and estimate its current value.
- 02
Enter your mortgage details
Add what you still owe, your original loan, and your monthly PMI.
- 03
See your answer
We’ll show whether you may qualify now, how close you are, and what to do next.
Why check now
Automatic PMI removal usually follows your original home value. If your home has appreciated, a current-value review may help you qualify sooner.
Request a current-value review
Uses today’s estimated value to test the rule.
Illustrative example
$18,000
possible PMI avoided over time
Examples are illustrative only. Actual results vary by loan, appreciation, and PMI rate.
Find out where you stand.
Check your eligibility in about two minutes.