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re: My renting/owning situation

Posted on 4/10/13 at 4:12 pm to
Posted by Baers Foot
Louisiana Ragin' Cajuns
Member since Dec 2011
3547 posts
Posted on 4/10/13 at 4:12 pm to
PMI is typically 1% of the loan you took out for your home annually.

If the loan is $200k, then that's 2k a year in PMI. Tack that $166 to your monthly note. (I think this is correct)

I'm dealing with PMI, but it was worth it in my situation at the time.
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