Under 20% down you pay mortgage insurance. See the monthly cost and the month you can drop it.
Slide to see how much sooner you can ask to drop PMI.
Many people get this wrong: “FHA mortgage insurance drops at 20% equity, like PMI.” It doesn’t. Under 10% down, FHA MIP stays for the life of the loan. 10% or more down, it stays 11 years. The usual way out is a refinance to conventional.
Ken will reply with real PMI quotes from lenders for your score. No spam.
408-666-2825