Reducing PMI mid-mortgage?I understand that when you have approx 20% of the loan paid off, that PMI will fall off under conventional loans.If at the time of purchase you put 5% down, will the PMI reduce once you get to 10% equity, to the 10% down factor?I ask because the factors are quite different .95% vs. .62%. If so, would the .62% be based off the original loan amount, or the remaining loan value.September 01 2009 - King of Prussia0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.