Double check your contract. Some companies that handle mortgages don't care that if you pay it down below 80%, if you had it for less than a specified number of years typically five. After 5 years and you're under 80% they can remove it. All depends on the type of contract that you signed and what the PMI portion States. You might have to do a total refi which is going to cost you a whole lot of additional fees which may not be worth it.
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