[Cody]

I’d put the 20% down. You pay x amount in interest either way. With less then 20% down they typically add on a “fee” for not putting 20% down. Its interest for 10-15 years is what the fee is.

Mortgage insurance-I’m assuming you mean home owners insurance? That’s not something I’d want off of a house. Electrical fires, natural disasters, storms etc.

[Marisa]

You can shop around for pmi. Mine is only $56/ month!

[Mindi]

I don’t like paying for things I don’t need and it’s basically money out the window. I avoid PMI at all costs.

[Max]

20 percent down to avoid pmi, have more immediate equity and be able to paying less interest over the long-run.

[Tom]

With 20% you have that much more in equity. With PMI, you get nothing for what you are paying. When you hit 20% after payments your pmi stops, so how long will it take you to reach 10% more in equity to remove that payment?

[Sean]

Have you looked at today’s interest rate? After accounting for tax on your brokerage gains, plus and the current high interest rates, you’re pretty much breaking even at best.

[Sharon]

Personally, I’d just wait till I have more liquid and still be able to do 20% down.

[Author]

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