<prompt> Human: My family purchased our first home last year, for 160k, right at appraisal value. We put 3 down with financial assistance and have PMI of about 200 a month. We currently owe 154kHowever, this is central Vegas on a fairly large lot for a single family home. I just checked our current estimated property value and it is clocking in around 200k. Go Raiders and Knights I guess, everyone wants to be in Vegas now. Does this increase in value translate to equity towards to 20 to dispel the PMI?  <response>: Youll need to look at your mortgage docs. Some loans have a maturity clause that states PMI cannot be removed for a specific period, for us it was two years from the date of close. I have a conventional 30yr and thankfully caught that clause before paying 450 just to have my servisor reject the appeal. 