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Cancel PMI at 20% Equity – Don’t Wait for Your Lender to Drop It

Source: Money Crashers · Oct 18, 2026 17:00 UTC

Aerial view of suburban homes and tree-lined streets near Pittsburgh — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Freddie Mac puts the cost at roughly $30 to $70 a month for every $100,000 borrowed, so a $300,000 mortgage can carry $90 to $210 a month in PMI. Every month you pay it after you qualify to cancel is... Source

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