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re: Is it worth accelerating mortgage payment to avoid PMI?

Posted on 1/22/16 at 9:57 pm to
Posted by warau
Member since Nov 2010
2576 posts
Posted on 1/22/16 at 9:57 pm to
Is PMI deductible?
Posted by rpg37
Ocean Springs, MS
Member since Sep 2008
48425 posts
Posted on 1/22/16 at 10:04 pm to
From reading the IRS site, a small proportion is...but I cannot find how much.

ETA: Is PMI based on the loan of the mortgage, the appraisal, or the purchase price? I did put 5% down at closing, so will this count as part of the 20% equity needed?
This post was edited on 1/22/16 at 11:08 pm
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