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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.
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.