PMI protects your lender, not you. If you put less than 20% down, you're likely paying $150–$400 a month for insurance that pays your lender if you default. The Homeowners Protection Act gives you the right to end it — and after the last few years of rising prices, millions of owners crossed the line to cancel years early without knowing it.
Three ways out under federal law
Most homeowners know only the first two. The third — cancellation based on your home's currentvalue — is the one servicers have no reason to mention.
| Path | Threshold | Who acts | Cost |
|---|
| Borrower-requested | 80% of original value | You, in writing | Usually free |
| Automatic termination | 78% of original value | Servicer, automatically | Free |
| Current-value (the one people miss) | 75–80% of today’s value | You + a valuation | ~$150–600 |
Why doesn't your servicer just tell you?
Because they earn nothing by helping you cancel, and the automatic 78% date they track is calculated from your original loan schedule — it ignores everything your home has gained in value. The current-value rules that could qualify you today live in the GSE servicing guides, not your monthly statement. We read both tests against your actual numbers and tell you where you stand.
How it works
1
Check in 60 seconds
Six facts from your mortgage statement. We run both LTV tests and pull an automated value estimate for your address. No SSN, no credit pull.
2
See exactly where you stand
Your dashboard shows whether you qualify now, what it's worth per month, and — if you're not there yet — the date you're projected to cross.
3
Send the letter, end the premium
If you qualify, the Removal Kit gives you the cancellation letter filled with your numbers, your servicer's playbook, and the escalation path if they stall.
See what your PMI is costing you
Start with your address — we'll pull an instant value estimate. No SSN, no credit pull.
Sources: CFPB · Fannie Mae B-8.1-04 · 12 U.S.C. §4901–4910. Document preparation, not legal advice.