Find out whether private mortgage insurance applies to your purchase, what it would cost each month, and how much extra deposit would remove it.
Commonly between 0.3% and 1.5% of the loan amount.
Mortgage insurance
Required
It is typically required when the loan-to-value ratio exceeds 80%, meaning your down payment is under 20% of the price.
Usually yes. Once your equity reaches roughly 20% through payments or appreciation, you can often request removal.
Is a 20% down payment really required to buy a home? A data-driven guide to LTV, PMI, low-down loan programs and how deposit size changes your monthly cost, risk and long-term wealth across USA, UK, Canada, Australia and
The 20% rule is a guideline, not a law. Here is what your deposit really affects, and how to decide the right number for your situation.
What is LTV ratio? Learn the loan-to-value formula, worked examples, how LTV drives mortgage rates, PMI and approval risk — and how to lower your LTV before applying.
Disclaimer: This calculator provides estimates for informational purposes only and is not financial, tax, or legal advice. Verify figures with a qualified professional before making decisions.
