T
12

I was so sure I needed a 20% down payment until my loan officer in Phoenix told me about a 3.5% FHA option last Tuesday.

3 comments

Log in to join the discussion

Log In
3 Comments
park.robin
park.robin17d ago
Check the PMI cost on that though.
10
west.anna
west.anna7d ago
Yeah, that PMI cost is sneaky. It's not just the monthly fee, it's how long you're stuck paying it. When does it actually fall off?
6
ryan183
ryan18316d ago
That PMI can easily add a hundred bucks to your monthly payment. It's a real cost people forget to factor in. Makes a big difference in what you can actually afford.
0