{
  "id": "mortgage-insurance",
  "title": "Mortgage Insurance Assumptions",
  "description": "PMI, FHA MIP, VA funding fee and USDA guarantee fee rates and cancellation rules.",
  "version": "1.0.0",
  "lastUpdated": "August 2026",
  "dataAsOf": "2025",
  "source": "Multiple federal agencies — see source column per row",
  "sourceUrl": "https://www.usmortgagecalc.com/methodology",
  "license": {
    "id": "CC-BY-4.0",
    "name": "Creative Commons Attribution 4.0 International",
    "url": "https://creativecommons.org/licenses/by/4.0/",
    "summary": "Free to use, share and adapt, including commercially, provided the source is credited."
  },
  "attribution": "US Mortgage Calculator (https://www.usmortgagecalc.com), CC-BY-4.0",
  "canonicalUrl": "https://www.usmortgagecalc.com/datasets",
  "rowCount": 11,
  "rows": [
    {
      "program": "conventional",
      "key": "pmi_annual_percent",
      "description": "Private mortgage insurance, percent of the original loan amount per year",
      "value": 0.6,
      "unit": "percent",
      "cancels": true,
      "asOf": "2025",
      "source": "Consumer Financial Protection Bureau",
      "sourceUrl": "https://www.consumerfinance.gov/"
    },
    {
      "program": "conventional",
      "key": "pmi_required_below_down_payment",
      "description": "Down payment below which PMI is required",
      "value": 20,
      "unit": "percent",
      "cancels": true,
      "asOf": "2025",
      "source": "Consumer Financial Protection Bureau",
      "sourceUrl": "https://www.consumerfinance.gov/"
    },
    {
      "program": "conventional",
      "key": "pmi_request_termination_ltv",
      "description": "Loan-to-value against original value at which a borrower may request cancellation (Homeowners Protection Act)",
      "value": 80,
      "unit": "percent",
      "cancels": true,
      "asOf": "2025",
      "source": "Consumer Financial Protection Bureau",
      "sourceUrl": "https://www.consumerfinance.gov/"
    },
    {
      "program": "conventional",
      "key": "pmi_auto_termination_ltv",
      "description": "Loan-to-value against original value at which the servicer must cancel automatically",
      "value": 78,
      "unit": "percent",
      "cancels": true,
      "asOf": "2025",
      "source": "Consumer Financial Protection Bureau",
      "sourceUrl": "https://www.consumerfinance.gov/"
    },
    {
      "program": "fha",
      "key": "fha_upfront_mip_percent",
      "description": "FHA upfront mortgage insurance premium",
      "value": 1.75,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Housing and Urban Development",
      "sourceUrl": "https://www.hud.gov/program_offices/housing/sfh/lender/origination/mortgage_limits"
    },
    {
      "program": "fha",
      "key": "fha_annual_mip_percent",
      "description": "FHA annual mortgage insurance premium. Lasts the life of the loan below a 10% down payment",
      "value": 0.55,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Housing and Urban Development",
      "sourceUrl": "https://www.hud.gov/program_offices/housing/sfh/lender/origination/mortgage_limits"
    },
    {
      "program": "va",
      "key": "va_funding_fee_first_use_zero_down",
      "description": "VA funding fee, first use, no down payment. Replaces monthly mortgage insurance",
      "value": 2.15,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Veterans Affairs",
      "sourceUrl": "https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/"
    },
    {
      "program": "va",
      "key": "va_funding_fee_subsequent_use_zero_down",
      "description": "VA funding fee, subsequent use, no down payment",
      "value": 3.3,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Veterans Affairs",
      "sourceUrl": "https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/"
    },
    {
      "program": "va",
      "key": "va_monthly_mortgage_insurance",
      "description": "VA loans carry no monthly mortgage insurance of any kind",
      "value": 0,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Veterans Affairs",
      "sourceUrl": "https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/"
    },
    {
      "program": "usda",
      "key": "usda_upfront_guarantee_fee",
      "description": "USDA upfront guarantee fee",
      "value": 1,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Agriculture Rural Development",
      "sourceUrl": "https://www.rd.usda.gov/programs-services/single-family-housing-programs"
    },
    {
      "program": "usda",
      "key": "usda_annual_fee",
      "description": "USDA annual fee against the loan balance. Lasts the life of the loan",
      "value": 0.35,
      "unit": "percent",
      "cancels": false,
      "asOf": "2025",
      "source": "U.S. Department of Agriculture Rural Development",
      "sourceUrl": "https://www.rd.usda.gov/programs-services/single-family-housing-programs"
    }
  ]
}