raustin33

raustin33 t1_iy9l65s wrote

> Then 20% Down on a 15 year loan to avoid PMI

There's a math problem here tho. Simply avoiding PMI could cost them in the long run.

How long will it take to save 20% while spending $2100/mo on rent? vs buying sooner and spending ~$200/mo on PMI?

20% isn't always the right call, though is ideal if you can swing it.

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