SStop Paying PMICheck my eligibility

Stop paying PMI if you do not have to

You may be able to cancel your private mortgage insurance. Check your eligibility in about two minutes.

Check my eligibility

Free check. $79 for the letter if you qualify.

What you get for $79

  • A completed PMI cancellation letter with your name, address, loan details, and a Homeowners Protection Act citation
  • A cover page with sending instructions for your specific servicer
  • A checklist of documents to include
  • An optional mortgage recast request letter if you want it

One time payment. No subscription. 14 day refund.

Generate my letter

See the letter before you pay

We offer a redacted sample of a prepared packet. You will see the cancellation letter with your name, address, and loan details. You will see the cover page for the servicer. You will see the document checklist.

See a redacted sample

Check my eligibility

“I was paying $210 a month in PMI. The letter worked on the first try.”

Homeowner, Texas

“Got my PMI removed after my home value went up. This saved me thousands.”

Homeowner, North Carolina

About Stop Paying PMI

We built this tool because most homeowners do not know they can cancel PMI. The servicer rarely tells them. The letter does not get sent. The monthly charge keeps coming.

We know the Homeowners Protection Act. We know how servicers operate. We built this tool to give homeowners a clear path from eligibility to a letter that is ready to mail.

Every letter cites the controlling statute and the servicer's specific mailing instructions. We do not file for you. We do not represent you. We prepare the paperwork. You sign it and send it.

You can do this yourself for free. But if you want it done right without the guesswork, we make it easy.

Check my eligibility

About Stop Paying PMI

Guides

Common questions

On many conventional loans originated on or after July 29, 1999, the Homeowners Protection Act lets you request cancellation when the unpaid principal reaches 80 percent of the original value of the home, if you are current and you have a good payment history. PMI must end automatically when the scheduled balance reaches 78 percent of original value, if you are current. It must also end at the midpoint of the original loan term if you are still paying PMI and you are current. Run the free check to see which test fits your numbers.

The 80 percent request test and the 78 percent automatic test use the original value from when you closed, not a Zillow estimate. Current market value does not change those two tests. If your home has gone up in value, many servicers will still review a current appraisal. That is a separate request, not automatic termination. The free check uses the figures you enter so you can see whether a letter is worth sending.

There is no required form. A useful letter names you, your property, and your loan number, states the balance and the value you are relying on, asks the servicer to cancel PMI, and cites the Homeowners Protection Act of 1998, 12 U.S.C. sections 4901 to 4910. Attach a recent statement and proof of value if you are using a current appraisal. The $79 packet fills this in for your servicer. You sign it and send it. We do not mail it.

Yes. A servicer can still ask for more documents or deny a request. Common reasons include a late payment history, a drop in property value, or a second mortgage. Hitting 80 percent on the original value does not force them to ignore those conditions. The free check is not a promise that PMI will stop. It tells you whether a request is worth sending.

FHA uses MIP, not PMI. MIP follows different duration rules, including a major change on June 3, 2013. VA and USDA loans generally do not have PMI. The free check asks for loan type first and tells you which path applies before you pay. Do not buy a conventional PMI letter for an FHA loan.

PMI is often a few tenths of a percent of the loan amount each year. On many loans that works out to roughly $80 to $250 a month, but your statement is the source of truth. Stopping that line item can save thousands over the years you would have kept paying. The check is free, so you can see your situation before you spend $79.

No. This is a document preparation service. We take the loan numbers you enter, apply national Homeowners Protection Act rules, and fill in a request letter. We are not a law firm. Your servicer can still ask for more documents or say no. The free check still tells you whether a request is worth sending, with no credit check and no call to your servicer.

No. After you pay, you download a ready to send PDF and we email a copy. You sign it and send it by certified mail, fax, or your servicer portal. We never contact your servicer. Questions go to info@stoppayingpmi.com. If you are unsure whether to pay, start with the free check.