On most conventional loans, you can request PMI cancellation once you reach 80% loan-to-value based on the original value — and servicers must automatically cancel PMI by 78% LTV when you are current.
Two numbers drive most conventional PMI cancellation conversations.
Once principal balance hits about 80% of the original value, you can usually request cancellation if the loan is current and history requirements are met.
Servicers generally must terminate PMI by the date the loan is scheduled to reach 78% LTV based on the original amortization schedule.
Late payments can delay or block cancellation. A clean recent history helps.
Automatic rules often use original value. Appraisal-based removal may use today's market value instead.
Fannie, Freddie, and your specific servicer can add documentation steps — we help you follow the right checklist.
Do not wait for the servicer if you have already crossed 80% — ask.
If PMI is eating cash flow, accelerate equity intentionally.
A five-minute balance check can tell you whether PMI should already be gone.
Step 1
Loan balance, original value, and current market estimate.
Step 2
Borrower request at 80%, wait for 78% automatic, or refinance.
Step 3
We help you ask for the right form and avoid runaround.
Step 4
Verify PMI is removed and your escrow payment updates.
Related guides to help you compare options and move toward pre-approval.
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Typically when the loan balance reaches 80% of the original property value (or sometimes current appraised value on a refinance or appraisal-based request), and you meet payment-history rules.
By federal rules, PMI on many conventional loans must be terminated by the servicer once the loan reaches 78% of the original value, if payments are current.
Sometimes. A new appraisal showing higher value can support earlier cancellation, subject to investor and servicer guidelines.
Often the next billing cycle after cancellation is processed. Confirm with your servicer so escrow and PMI line items update correctly.
Share your loan balance and original purchase price — we will estimate your 80% and 78% dates and the fastest removal path.