In my state , and most that I am aware of, mortgage insurance is only for people that have put less than 20% down OR put less than 20% and have not yet made enough principle payments to get the principle down to 20% of the cost of the house at the time of the loan.
Once you DO get to that amount, NO BANK will tell you that you do NOT have to pay it anymore, YOU MUST CONTACT THEM and TELL THEM to stop billing you for probably 80.00 -200.00 per month, depending on the cost of the house.
By law, they are required to stop adding mortgage insurance (or PMI) on to your monthly payments when you hit 20% BUT ONLY if you request them to do so.
If you only put 5% down when you bought your house, in about year 10 if you did not pay any principle down since you started owning your house you will be at the 20% mark.
PLEASE check where you stand and be fully aware of this. Otherwise, your banking institution will be more than happy to collect 80.00-200.00 dollars per month from you for the next 20 years past when it should have stopped.
That will come to anywhere from 9,200.00 to 48,000.00 dollars or more, estimated. ( I do not know what you paid for your house)
I will go out on a limb and assume you could do something more with that money than give it away to that fine upstanding banking institution.
If this helps just one person, writing this was well worth doing.
I sure hope that this helps you or anyone that does not know this.