Real Estate
Calculate Private Mortgage Insurance (PMI)
Estimate your monthly PMI payment and when it drops off. See how extra payments eliminate PMI faster.
In this article
भारत में
No PMI equivalent in India! Banks simply charge higher interest for high LTV loans. 90% LTV: +0.5-1% interest vs 80% LTV। PMAY (PM Awas Yojana): interest subsidy for affordable housing (₹2.67 lakh max)।
Down Payment
Minimum: 10-20%। Ideal: 20%+ (better rate, lower EMI)। PMAY: first-time buyers in EWS/LIG/MIG categories get interest subsidy।
⚡ CalcWolf Insight
A counter-intuitive PMI strategy: if you have enough for 15% down but not 20%, consider putting down 15% and keeping the extra 5% invested. If your investments earn more than the PMI costs (compare PMI rate vs expected investment return), you come out ahead mathematically — especially since PMI is temporary.
Frequently asked questions
PMI India?▾
No PMI। Higher interest for low down payment instead।
PMAY?▾
Interest subsidy up to ₹2.67 lakh for first-time buyers in eligible categories।
✓ Math logic verified against primary sources
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