PMI on a house hack- at what point does the PMI bill end?

[Lauren N.]

Is the PMI a deduction on the tax return? How is it treated in the accounting?

Is there a point when the PMI goes away? If so when does that happen?

[Chris Davidson]

@Lauren N. If it is FHA PMI does not end. If it is conventional as soon as the balance is 78% of the purchase price they will drop it, or if you reach out have it re appraised and you have 20% equity they will drop it.

Best of luck!