can we drop the PMI yet

q070 questions.yaml · questions.yaml:659 notesfinancereminders

Question

A good answer

They can ask. The balance is $306,652.71, under 80% of the $385,000 purchase price ($308,000) since the August 2026 payment. Tessaly wants the request in writing; otherwise it ends by itself at 78%, around June 2027. Leah's reminder to call is still open and a note from October 2 says "call Tessaly!!", so it has not been done as far as the records show.

308,000

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Supporting records

The records the answer rests on, from from, with whose they are.

Tessaly statement came. principal is down to 306,652.71 Note · saved Sep 20, 2026

about	- mortgage-house
date	2026-09-20 09:40
body	Tessaly statement came. principal is down to 306,652.71 we paid 385,000 for the house. 80% of that is 308,000 - we're under it as of the Aug payment = we can ask them to drop the PMI (57.75 a month). has to be requested in writing if we do nothing it comes off by itself at 78%, sometime next summer call Monday. 800-555-0190

Residential mortgage Mortgage · saved Aug 6, 2021

property	house
name	Tessaly Home Lending
account_number	0047-338-21965
monthly_payment	2148.37
start_date	2021-08-06
end_date	2051-08-01
description	30 year fixed, 2.875%

File: finance/mortgage-statement.pdf

call Tessaly - ask to drop the PMI Reminder · saved Aug 21, 2026

about	- mortgage-house
title	call Tessaly - ask to drop the PMI
details	we're under 80%. they want it in writing. 800-555-0190
date	2026-09-21 12:00
notifyBy	- sendPush
dismissed	False

call Tessaly!! Note · saved Oct 2, 2026

date	2026-10-02 08:03
body	call Tessaly!!

Traps it covers

only_in_file Cash to close ($37,773.28), the seller credit and "no prepayment penalty" are only in the closing disclosure. The escrow balance and late fee are only on the mortgage statement. The life policy's beneficiaries are only on its schedule. Marcus's cholesterol and A1c values are only on the lab report. Nora's grades and absences are only on the report card. The August 3 deadline is only in the school nurse's letter. The 2025 refund is only in the accountant's letter. The office and specialist copays are only on the picture of the insurance card.