Calculate private mortgage insurance (PMI), estimate your monthly payment with PMI, and see how much extra down payment avoids it.
Loan amount
$270,000
90.0% loan-to-value.
Monthly PMI
$157
$1,890 per year at the current LTV.
Loan payment with PMI
$1,864
Principal, interest, and PMI only.
Extra cash to avoid PMI
$30,000
Additional down payment needed to reach 20%.
Private mortgage insurance is usually the cost of buying sooner with less cash down. That can still be the right move, but you want to see the monthly tradeoff clearly rather than assume 20% down is the only acceptable path.
Down payment today
$30,000
Estimated PMI endpoint
95 months
Lower-down-payment loans are often rational for first-time buyers when keeping reserves matters more than eliminating PMI immediately.
This estimate is most useful alongside a mortgage calculator, a down payment calculator, and a closing cost calculator because the real question is total cash needed to buy, not PMI by itself.
Before you rely on the numbers
Countfield calculators and guides are planning aids, not personal financial advice. Review the assumptions, compare scenarios, and verify major decisions with the relevant lender, tax professional, or advisor.
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