Free Tool
Home Health Calculator
See exactly how much you could save by eliminating your FHA mortgage insurance. Real calculations, real numbers, in 2 minutes.
Your Home Details
$550,000
$200,000$1,500,000
$380,000
$50,000$1,200,000
700
580850
3 yrs
0 yrs15 yrs
6.500%
3.000%10.000%
6.750%
3.000%10.000%
Green Light — Excellent CandidateScore: 82/100
Current LTV
69.1%
✓ Below 80% — PMI eligible
Home Equity
$170,000
30.9% of home value
Monthly MIP (FHA)
$158
Current permanent cost
Conventional PMI
$0
No PMI needed at this LTV
Your Potential Savings
$158
Monthly Savings
$1,900
Annual Savings
$19,000
10-Year Savings
Rate adjustment: Your new rate is 0.250% higher, adding ~$79/mo to your payment. Net savings after rate adjustment: $79/mo.
Break-even on ~$4,500 closing costs: 57 months
Equity Position
30.9%
0% equity80% LTV threshold100% equity
Loan Balance: $380,000
Home Value: $550,000
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* This calculator provides estimates for educational purposes only. Actual savings depend on your specific loan terms, credit profile, property appraisal, and current market rates. Consult a licensed loan officer for a precise analysis. One Key Network is not a direct lender.