PMI Removal By Appraisal Calculator
PMI Removal By Appraisal: a planned Super Calculator tool. Covers loan balance (currency). Stub page while the tool and its worked example are prepared.
PMI Removal By Appraisal Calculator is a planned calculator in the real estate section of Super Calculator, covering mortgage core.
What this calculator will compute
Inputs: loan balance (currency), original value (currency), current estimated value (currency), monthly PMI (currency), appraisal cost (currency) and months since origination.
Outputs: LTV on original value (%), LTV on current value (%), months saved and net saving after appraisal cost (currency).
Formula, recorded as scope and not yet verified against a primary source: Compares the statutory cancellation path based on original value against a lender-discretion path based on a new appraisal: current LTV = balance / new appraised value. Where appreciation has outpaced amortization, the appraisal path reaches the threshold years earlier, at the cost of the appraisal fee and subject to seasoning requirements.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.