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Loan Amount
Total Monthly Payment
Two-Input Ratio Debt Metrics

Monthly PMI

Monthly Private Mortgage Insurance payment required when down payment is below 20%.

Example Result

Sample Data
$0

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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Monthly PMI Formula

(PMI Rate × Loan Amount) ÷ 12
(0.00% × $308,000) ÷ 12
$0

What This Means

A sample property priced at $385,000 with $2,850/month rent has a monthly pmi of $0 at Purchase (Month 0). PMI adds to your monthly housing cost without building equity or providing you any benefit. It can cost $50–$300+ per month depending on your loan amount and PMI rate. Factor PMI into your cash flow analysis when evaluating deals with less than 20% down, and plan for when you can eliminate it.

Where This Value Comes From

Monthly PMI is not entered directly — it is calculated from PMI Rate, Loan Amount, and Drop PMI LTV. See the formula breakdown above and the detailed inputs below.

Inputs That Determine Monthly PMI

Calculations That Use Monthly PMI

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Why It Matters

PMI adds to your monthly housing cost without building equity or providing you any benefit. It can cost $50–$300+ per month depending on your loan amount and PMI rate. Factor PMI into your cash flow analysis when evaluating deals with less than 20% down, and plan for when you can eliminate it.

Detailed Explanation

Private Mortgage Insurance (PMI) is required by conventional lenders when the down payment is less than 20% of the purchase price. It protects the lender (not you) in case of default. PMI is calculated as an annual percentage of the loan amount, divided by 12 for the monthly cost. PMI can typically be removed once you reach 20% equity through payments or appreciation.

Example

Sample Result
$0

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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