PMI. Terminator the sequel. This time, there’s interest involved.

Your servicer may automatically cancel your PMI when the principal balance of the mortgage is scheduled to reach 78% of the Original Value* of the property (regardless of outstanding balance on this date).

If your loan reaches 78% as defined above and your loan is not current, Mortgage Insurance must be terminated once the loan becomes current.

*Based on Original Value, not current value.