How to use this calculator
- Enter insured loan balance, annual insurance premium (%).
- Choose a display currency, then select Calculate. Results also update after a brief pause while you edit.
- Read the result with the assumptions below. Export details or save a second scenario to compare your choices.
Formula and method
Annual premium=insured balance×annual premium rate; monthly=annual/12.
Assumptions and limitations
No automatic PMI cancellation, lender quote, FHA/VA eligibility or jurisdiction rules; actual premium bases and schedules differ.
Worked example
With insured loan balance = 200000, annual insurance premium (%) = 0.5, annual premium is approximately 1000.
What the result means
Estimate a mortgage-insurance cost using your quoted annual rate.
Common questions
How should I interpret annual premium?
Estimate a mortgage-insurance cost using your quoted annual rate.
What should I check before using this result?
No automatic PMI cancellation, lender quote, FHA/VA eligibility or jurisdiction rules; actual premium bases and schedules differ.
Methodology and transparency
Calculation specification reviewed on 2026-10-14. Mathematical implementation is tested against independent reference fixtures. This does not imply review by a licensed financial professional. Read the testing and precision policy.