Contemplating putting 20% down payment on a primary residence versus 10% to save paying PMI? The 20% would spend a large majority of savings! Any input of pros and cons would be helpful, thanks.

@Jarod Page

Yup, it just depends on your financial situation and what you want to do..

You think of the pmi as basically overal having a slightly higher interest. It’s just the cost of “business” if you want a 10% down payment. Also, you can look forward to when you reach 20% since a conventional loan will allow the pmi to come off.

Good luck.