PMI scheduled loan-to-value milestones
Find scheduled balance milestones relative to the original property value. A milestone is not approval to cancel mortgage insurance.
Your inputs
Start with the example values, then replace them with your own. For tables, keep the vertical bar separators and use a dot for decimals.
Illustrative inputs are not certified current rates or an entitlement decision. Confirm the country, year, eligibility and contract. This limited model is not a tax return, payroll service or financial/legal advice. Do not act on it without verifying the applicable rules.
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Result and workspace
Use the start button to open your result or activity.
How it works
Calculate the scheduled amortized balance each month and locate the first month at or below each entered LTV threshold. Insurance cost uses a simple annual percentage of the original principal. Loan type, payment record, lender requirements, current valuation and legal exceptions are not assessed.
Worked example
These sample results use the original example inputs in the form. They do not change when you edit your inputs; your own result appears in the workspace.
- Scheduled request threshold month: 79
- Scheduled automatic threshold month: 92
- Illustrative monthly insurance: 112.5
| Month | Scheduled balance | Original-value LTV % |
|---|---|---|
| 0 | 270000 | 90 |
| 12 | 266016.5136 | 88.6722 |
| 24 | 261829.2244 | 87.2764 |
| 36 | 257427.7056 | 85.8092 |
Read the result carefully
Results depend on the values and assumptions shown above. Change one input at a time to see its effect. A blank or unavailable result means the data does not support a calculation; it is not zero.