Quote:
Originally Posted by KCUnited
Does PMI kick in at anywhere under 20% down?
If so, that would be interesting to see how it affects the buy under 20% down vs rent until buy with 20% down. I mean, not interesting enough for me to do the math but for one of you guys to post the info.
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Yeah, PMI is a ****ing scam and is a thing up to having 20% of the loan paid off... it may still make sense to throw $100-200 down the toilet for a while as opposed to rent, but that's one mental hurdle that's tough for me to get past because the whole concept is so ****ing stupid.