[quote=scaredycat]and so, at the end of the day, is it ridiculous to put in 20%? I’m running numbers and it seems like the difference i payments between fha and 20% down is so small it would take a decade of payments before i got my down payment back, assuming the PMI wasn’t cancelled earlier. seems absurd to put 20% down if not necessary.[/quote]
A friend of mine who just walked away from his place sounded surprised and almost shocked when I told him we were about to put 20 percent down on a house. I’m just trying to be a good junior Pigg. I do wonder if that’s the right course of action. I don’t want to pay PMI, though, and want to get the best rate. I’m all for higher rates and another leg down, but we’ve been renting for 3 1/2 years and we’re ready for a change.
