Personal Finance
What is PMI?
Quick Answer
PMI is private mortgage insurance — extra monthly cost on conventional loans with less than 20% down. Costs 0.3–1.5% of the loan annually, automatically removed at 78% LTV, request-removable at 80% LTV.
Warren Team
Updated April 26, 2026
31
Warren Team
Updated April 26, 2026
31
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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