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SheenPSU t1_j4l87cs wrote

Reply to comment by TheJessicator in The current housing market in a nutshell by LopsidedWafer3269

PMI shouldnt be a dealbreaker imo

We bought our house 2 years ago with 5% down and PMI is only ~$80 a month and only applies until you have at least 20% in equity IIRC

20% of our purchase price would be $44k. We paid $11k instead, and PMI costs is roughly $1k a year. It’ll be off of our payments well before it’s adverse

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GaleTheThird t1_j4lakql wrote

> PMI should be a dealbreaker imo

I think you meant "shouldn't"

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SheenPSU t1_j4lba9z wrote

Correct, I’ve since edited that mistake. Thanks for pointing it out

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