PPMI Calculator - Prepaid PMI Options
Compare PMI payment methods and find the most cost-effective option for your mortgage.
PMI Payment Options Analyzer
Compare Monthly PMI, Single Premium, Split Premium, and Lender-Paid options
Understanding PMI Payment Options
Monthly PMI
- No upfront cost required
- Added to monthly mortgage payment
- Cancellable at 80% LTV
- Best if selling/refinancing soon
- Most common PMI option
Single Premium (SPMI)
- One-time payment at closing
- No monthly PMI payments
- Can be financed into loan
- Non-refundable typically
- Best for long-term owners
Split Premium
- Partial upfront + reduced monthly
- Middle ground option
- Lower monthly than standard
- Less upfront than single
- Good for medium-term stays
Lender-Paid (LPMI)
- Higher interest rate instead
- No separate PMI payment
- Rate increase is permanent
- May be tax deductible
- Best if PMI not deductible