FreeByte

Mortgage insurance removal calculator

When the extra premium can stop.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
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$
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Removable in

4 yr 0 mo

Premium until then

$8,640

With these inputs, removable in comes to 4 yr 0 mo. Premium until then works out to $8,640.

Balance needed
$304,000
Yearly premium
$2,160

What moves the number · Removable in

Input−10%Now+10%
Home value8 yr 7 mo4 yr 0 mo0 mo
Balance0 mo4 yr 0 mo9 yr 0 mo
Principal paid monthly4 yr 5 mo4 yr 0 mo3 yr 7 mo

Solve for an input

Whatmakesequal

Compare scenarios

Save this set of inputs, change something, then save again to compare the outcomes side by side.

When the extra premium can stop.

A worked example

Starting figures

Home value
$380,000
Balance
$330,000
Monthly insurance
$180
Principal paid monthly
$550

What it returns

Removable in
4 yr 0 mo
Premium until then
$8,640
Balance needed
$304,000
Yearly premium
$2,160

How to read the results

With the defaults above, removable in works out at 4 yr 0 mo.

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