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re: My renting/owning situation
Posted on 4/10/13 at 3:11 pm to baytiger
Posted on 4/10/13 at 3:11 pm to baytiger
So if there is no 20% down payment, the PMI is monthly? How much is that?
Also what factors if an area has a good housing market?
These are serious questions and I thank you very much for answering them
Also what factors if an area has a good housing market?
These are serious questions and I thank you very much for answering them
1
Posted on 4/10/13 at 4:12 pm to LSUTigers00884
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.
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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