PMI costs $150-$400/month on a conventional loan. Here is exactly how to eliminate it years ahead of schedule.
Adding $200/month to a $400K loan hits 20% equity 4 years early. That is $14,400 in PMI you never pay. Even rounding up your payment to the nearest $100 adds up fast.
If your home appreciated significantly, a new appraisal can prove you have hit 20% equity. In Las Vegas, homes appreciated 8-12% in 2025 alone. A $500 appraisal could save you $200/month.
Kitchen and bathroom renovations add the most value per dollar. A $15K kitchen update can add $25K+ in appraised value, pushing you past the 20% mark.
PMI drops automatically at 22% equity (78% LTV). But you can REQUEST removal at 20% — saving months of payments. Write your servicer and include your recent comparable sales. Full conventional requirements →
