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Updated over 2 years ago on . Most recent reply

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Lauren N.
3
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8
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PMI on a house hack- at what point does the PMI bill end?

Lauren N.
Posted

Is the PMI a deduction on the tax return? How is it treated in the accounting?

Is there a point when the PMI goes away? If so when does that happen?

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1,166
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
888
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1,166
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied

@Lauren N. If it is FHA PMI does not end. If it is conventional as soon as the balance is 78% of the purchase price they will drop it, or if you reach out have it re appraised and you have 20% equity they will drop it.

Best of luck!

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