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texanchris t1_jadhuzs wrote

Reply to comment by goblueM in How much 401k loan should I take? by tomsen12

This can’t be upvoted enough. Don’t withdraw 401k funds so you don’t have to pay PMI. PMI can get removed once you hit the 75% LTV mark and it’s not permanent.

Edit: assuming conventional loan and not FHA

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goblueM t1_jadiabv wrote

Usually 78% LTV

I was paying $26 a month in PMI. It's often a very modest amount, if you have decent credit score and didn't buy a high priced house

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