[Scarlett]

That’s fine, one can disagree with another and tell the other that he/she is wrong and try to prove it, but there are better ways to express that than personal attacks. If anything those substract from the power of your more impersonal views/arguments. Really, name calling is childish and doesn’t prove anything.

[Scarlett]

I think that’s pretty standard. I’d still go with option 3.

[Scarlett]

I think that’s pretty standard. I’d still go with option 3.

[Scarlett]

I think that’s pretty standard. I’d still go with option 3.

[Scarlett]

I think that’s pretty standard. I’d still go with option 3.

[Scarlett]

I think that’s pretty standard. I’d still go with option 3.

[Scarlett]

For 3 years with option 2 you paid for PMI 36 x 169 = $6084 and with option 3 you paid extra 36 x $31 = $1116. So after 3 years you are ahead with option 3 by almost $5000.

For the NEXT 3 years with option 2 you pay monthly no PMI and $2159/month, while with option 3 you pay MORE by $31 x 36 = $1116 (over 3 years). Over the remaining 27 years that’s ~30K that you pay more with option 3. So 30-5 = 25K more over the life of the loan with option 3. It’s not a whole lot. If you don’t plan to stay that long, but only 6-7 years, then I also would go with option 3, since it’s a pain to remove PMI.
(Presuming all fees/costs are the same; insurance and taxes are the same in both cases so I ignored those)

[Scarlett]

For 3 years with option 2 you paid for PMI 36 x 169 = $6084 and with option 3 you paid extra 36 x $31 = $1116. So after 3 years you are ahead with option 3 by almost $5000.

For the NEXT 3 years with option 2 you pay monthly no PMI and $2159/month, while with option 3 you pay MORE by $31 x 36 = $1116 (over 3 years). Over the remaining 27 years that’s ~30K that you pay more with option 3. So 30-5 = 25K more over the life of the loan with option 3. It’s not a whole lot. If you don’t plan to stay that long, but only 6-7 years, then I also would go with option 3, since it’s a pain to remove PMI.
(Presuming all fees/costs are the same; insurance and taxes are the same in both cases so I ignored those)

[Scarlett]

For 3 years with option 2 you paid for PMI 36 x 169 = $6084 and with option 3 you paid extra 36 x $31 = $1116. So after 3 years you are ahead with option 3 by almost $5000.

For the NEXT 3 years with option 2 you pay monthly no PMI and $2159/month, while with option 3 you pay MORE by $31 x 36 = $1116 (over 3 years). Over the remaining 27 years that’s ~30K that you pay more with option 3. So 30-5 = 25K more over the life of the loan with option 3. It’s not a whole lot. If you don’t plan to stay that long, but only 6-7 years, then I also would go with option 3, since it’s a pain to remove PMI.
(Presuming all fees/costs are the same; insurance and taxes are the same in both cases so I ignored those)

[Scarlett]

For 3 years with option 2 you paid for PMI 36 x 169 = $6084 and with option 3 you paid extra 36 x $31 = $1116. So after 3 years you are ahead with option 3 by almost $5000.

For the NEXT 3 years with option 2 you pay monthly no PMI and $2159/month, while with option 3 you pay MORE by $31 x 36 = $1116 (over 3 years). Over the remaining 27 years that’s ~30K that you pay more with option 3. So 30-5 = 25K more over the life of the loan with option 3. It’s not a whole lot. If you don’t plan to stay that long, but only 6-7 years, then I also would go with option 3, since it’s a pain to remove PMI.
(Presuming all fees/costs are the same; insurance and taxes are the same in both cases so I ignored those)

[Scarlett]

For 3 years with option 2 you paid for PMI 36 x 169 = $6084 and with option 3 you paid extra 36 x $31 = $1116. So after 3 years you are ahead with option 3 by almost $5000.

For the NEXT 3 years with option 2 you pay monthly no PMI and $2159/month, while with option 3 you pay MORE by $31 x 36 = $1116 (over 3 years). Over the remaining 27 years that’s ~30K that you pay more with option 3. So 30-5 = 25K more over the life of the loan with option 3. It’s not a whole lot. If you don’t plan to stay that long, but only 6-7 years, then I also would go with option 3, since it’s a pain to remove PMI.
(Presuming all fees/costs are the same; insurance and taxes are the same in both cases so I ignored those)

[Scarlett]

I think FHA is out. Option 2:
How many years will you have PMI at this rate?
N
N x $169 x 12 = X dollars
But after N years, your monthly payment goes back to 2159 for the rest (30 – N) years. While the option 3, it stays $2190 for the 30 years. $30 is not that much of a difference, but it can add up over years…. See after how many years you’d have spent the same amount on both option 2 and 3, Y > N.

[Scarlett]

I think FHA is out. Option 2:
How many years will you have PMI at this rate?
N
N x $169 x 12 = X dollars
But after N years, your monthly payment goes back to 2159 for the rest (30 – N) years. While the option 3, it stays $2190 for the 30 years. $30 is not that much of a difference, but it can add up over years…. See after how many years you’d have spent the same amount on both option 2 and 3, Y > N.

[Scarlett]

I think FHA is out. Option 2:
How many years will you have PMI at this rate?
N
N x $169 x 12 = X dollars
But after N years, your monthly payment goes back to 2159 for the rest (30 – N) years. While the option 3, it stays $2190 for the 30 years. $30 is not that much of a difference, but it can add up over years…. See after how many years you’d have spent the same amount on both option 2 and 3, Y > N.

[Scarlett]

I think FHA is out. Option 2:
How many years will you have PMI at this rate?
N
N x $169 x 12 = X dollars
But after N years, your monthly payment goes back to 2159 for the rest (30 – N) years. While the option 3, it stays $2190 for the 30 years. $30 is not that much of a difference, but it can add up over years…. See after how many years you’d have spent the same amount on both option 2 and 3, Y > N.

[Author]

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