I’m not going the FHA route, but we are debating how much to put down. Even if we put down 15 percent, we would still have to pay PMI for 42 months to get the LTV to 80 percent — that’s ignoring appreciation, of course, which I’m not expecting. $4883 worth of PMI payments is a lot simply to preserve cash, although I am leaning that way.
It’d be pretty easy to make that $ back in investments should we get a repeat of this year’s rally, but I ain’t expecting that either.
