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re: Is it always best to put 20% down on a house to avoid PMI?

Posted on 11/19/20 at 3:18 pm to
Posted by Chasin The Tiger
Lake Travis, TX
Member since Sep 2012
577 posts
Posted on 11/19/20 at 3:18 pm to
You do realize that my mortgage payment with principal, interest, pmi, insurance, and taxes was the same amount as if I had rented the same house? And I probably spent less than $1000 in maintenance in the 2 years I owned it.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27163 posts
Posted on 11/19/20 at 9:56 pm to
quote:

You do realize that my mortgage payment with principal, interest, pmi, insurance, and taxes was the same amount as if I had rented the same house? And I probably spent less than $1000 in maintenance in the 2 years I owned it.


And what percentage of that money would you say went to your principal during those two years?
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