By Molly Greaves
In a perfect world, you dont want to borrow more than 80% of your home’s value. If you do, you’ll end up picking up the cost of PMI.
Look at how it can add up. Quickly too!
PMI for a $250,000 home with only 15% down: $57/month. Times that by 52 (amount of months you’ll need to pay it) and your total cost is $2964, according to Money Magazine in June 2007.
Filed under: -- Insurance Help For YOU, -- Real Estate Guide For Today's Market | Tagged: -- Money Help (in simple terms), Insurance, loans, PMI, Real Estate, Top Blog
