PMI Request Date vs Automatic Termination Date

The date you can request PMI cancellation can differ from the automatic termination date. These routes should not be treated as one promise that insurance disappears whenever your balance first crosses a percentage. Ask the servicer for both dates and their applicable conditions.

Compare scheduled and actual balances

For covered mortgages, CFPB guidance distinguishes a request at 80% of original value from automatic termination tied to the scheduled 78% point and current payment status. Extra payments and delinquency can make an actual balance differ from the scheduled balance. Keep those concepts separate when checking the servicer's answer.

Locate the original amortization information, current principal and insurance disclosure. Do not replace original value with an estimate of today's sale price. Investor-specific routes based on appreciation may involve other conditions and are not established by this general comparison.

Build a follow-up calendar

Record when a written request is appropriate, what evidence is needed and the scheduled automatic checkpoint. If the account is not current, ask how that affects the route and timing. After any approved termination, inspect the statement and ask about the effective date of changed billing. Avoid assuming a customer-service estimate guarantees that next month's invoice will change.

The relevant primary reference is CFPB: removing private mortgage insurance. Read its scope before applying it to a different lender or loan type.

A working checklist

A hypothetical case to work through

For hypothetical original value of $250,000, 80% equals $200,000 and 78% equals $195,000. These are distinct arithmetic checkpoints, not interchangeable cancellation instructions. If actual principal falls to $199,000 after an extra payment, the borrower still needs to determine the request conditions and the scheduled automatic date.

Practical questions

Is automatic termination the same as my first request opportunity? No. Check the separate criteria and dates.

Does this cover every mortgage insurance product? No. Confirm loan type, insurance structure and applicable coverage first.

Continue with Request PMI Cancellation After an Extra Mortgage Payment, Rocket Mortgage vs loanDepot: Compare Purchase Estimates.

Browse the loan education and comparison library for related decisions.

Sources and scope

Primary sources were reviewed for the specific points discussed on November 2, 2026. Check current instructions and the agreement for your loan; historical reports are not current offer surveys.

• CFPB: removing private mortgage insurance
• CFPB: mortgage servicing FAQs

US educational information, not personalized financial, legal or tax advice. FinToku is not a lender or broker. Examples are hypothetical and do not establish a right, deadline, approval, waiver or outcome. State law, loan type and individual facts can change the answer. See the financial disclaimer and editorial standards.