Mortgage Insurance Guides
Mortgage insurance is the most misunderstood line on a mortgage statement. These guides cover what it costs, when it cancels automatically, and when you have to ask.
Complete guide
Complete Guide to Mortgage Insurance
PMI and MIP: what they cost, how they differ, and every route to removing them.
Guides in this topic
Tools for this topic
PMI removal
The month your loan reaches 80% and 78% LTV at your amortization and price growth.
Open calculatorFHA MIP
Upfront MIP, annual MIP and whether it terminates at 11 years or lasts the loan.
Open calculatorCommon questions
- What is the difference between PMI and MIP?
- PMI is private insurance on conventional loans and generally ends at 80% loan-to-value on request, or automatically at 78%. MIP is FHA's own insurance, includes an upfront premium, and depending on the down payment can last 11 years or the life of the loan.
Coming soon in this topic
- How Much Does PMI Cost?
- Is Paying PMI Better Than Putting 20% Down?