10% or 20% Down Payment or 5% and invest the rest?

[Andres Sanchez]

Hi Everyone, my wife and I are looking at buying a new home. We're looking at a conventional loan but can't decide how much money to put down for the down payment. In this low interest rate environment, does it make more sense to put 5% down and pay PMI and invest the rest of the money in the stock market or put down 10% or 20% to have no PMI and a lower monthly payment? Appreciate everyone's thoughts on this. Thanks!