When can you stop paying mortgage insurance premium?

When can you stop paying mortgage insurance premium?

78 percent The lender or servicer must automatically terminate PMI when your mortgage balance reaches 78 percent of the original purchase price — in other words, when your loan-to-value (LTV) ratio drops to 78 percent. This is provided you are in good standing and haven’t missed any mortgage payments. Oct 25, 2021

See also  Is death covered in health insurance?