Anyone know of mortgages that allow PMI to disappear at something lower than 20%

[Anonymous]

We are looking to refinance because rates are lower, and I"d love to find a lender that allows our PMI to go away earlier than 20% of house's value.

[Anonymous]

That seems unlikely to me. Possibly you could refinance into an 80/20 loan, or similar?

[Anonymous]

What about an upfront PMI option? We did that when we bought our house 8 years ago and IIRC it only cost us something like $1,800? On a monthly basis it would have added up to much, much more.

[Anonymous]

Anonymous wrote:What about an upfront PMI option? We did that when we bought our house 8 years ago and IIRC it only cost us something like $1,800? On a monthly basis it would have added up to much, much more.

We'd need to know how quickly OP can reach 20% equity after the refinance to figure out if that makes sense. . .

[Anonymous]

Op here. Pmi goes away in 2021.