About DropPMI

DropPMI exists for one reason: too many homeowners keep paying private mortgage insurance (PMI) long after they could have cancelled it. PMI protects the lender, not you — and most people have no idea what month they actually become eligible to drop it. We built a free, no-sign-up calculator that answers that question precisely.

What we do

Our PMI Removal Date Calculator uses standard mortgage amortization math and the thresholds set by the federal Homeowners Protection Act to show you three things:

The exact month your balance reaches 80% LTV, when you can request cancellation.
The month it reaches 78% LTV, when your servicer must cancel it automatically.
How much sooner extra payments or home appreciation get you there — and the dollars you save.

How we keep it accurate

Every estimate is computed in your browser from the figures you enter — we don't guess with hidden assumptions. The automatic 78% date is calculated from your original amortization schedule (as the law specifies), while the request and appreciation dates use your actual balance. We write our guides against current federal rules and review them regularly.

Our promise on your data

The calculator runs entirely on your device. We don't ask you to register, and we don't store the loan numbers you type. See our Privacy Policy for the full details, including how advertising works on this site.

Not a lender or advisor. DropPMI is an independent educational tool. We are not a mortgage lender, servicer, or financial advisor, and our estimates don't replace confirmation from your servicer. Always verify your specific terms before acting.

Get in touch

Questions, corrections, or a tool you wish existed? Contact us — we read everything.