Unfortunately if your home mortgage was signed prior to July 29, 1999 your lender is not required to cancel your PMI once you reach any given level of equity. Federal law does not require the lender to release your PMI unless it was a part of your signing agreements.
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You can always contact your lender to determine how much of your monthly mortgage payment is going towards PMI. PMI is typically a charge that is anywhere between $40 and $100 monthly depending on your loan amount.
If your loan is considered high risk, termination at the 20 percent equity mark may not be possible. If you have any liens you may also be restricted from canceling your PMI.
As a part of the Homeowners Protection Act of 1998, home mortgages signed on or after July 29, 1999 should have their PMI automatically terminated once the borrower reaches 22 percent equity in the home. By request, your PMI can be canceled in most cases once you reach 22 percent equity in the home.