Buying Primary Residence, Does it make sense to put down 20%?

[John Smith]

I plan on buying a new primary residence , around 600k, does it make sense to put 20% down to prevent PMI? Or would you rather put 10% to get more cash for other investments?

20% down = 120k. 10% down = 60k

20% down , 3% APR, Monthly Mortgage with intest/tax = $2,582

10% down, 3% APR, Monthly Mortgage with intest/tax = $3,060. after 60 months of PMI, new monthly is $2,835

thoughts? 

[Joaquin Camarasa]

It depends of your risk tolerance. Is a $500 difference a month. It will take you 10 years to get back those 60k. I personally like to put down as little as possible and prefer to have the cash ready in case you decide to get into another project before the 10 years have gone by.