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PMI Estimator (Private Mortgage Insurance)
   
This PMI calculator will show you how much PMI (private mortgage insurance) will cost you if you're putting less than a 20% down payment on your home.
 
Your purchase price ?
Your loan amount ?
Your current interest rate ?
Term (usually 30 or 15 years) ?
Monthly Payment
(principal interest only) 		?
PMI ?
Total Monthly Payment w/PMI ?
Your home equity must be 20% or more to avoid PMI ?
The equity in your home ?
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Since your home equity is 13.33%, you must pay PMI.
The estimated monthly amount you will pay for PMI is $56.29
Here are the best ways to eliminate paying PMI:
1) If your home appreciates to the point where you have 20% or more home equity
2) You pay down your loan balance until you reach 20% or more home equity
3) You get a different loan which does not require PMI
 
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Loan Purpose
  How Soon
 Your Home Value
 (Purchase price if  buying)
  Loan Amount Desired

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