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@psychoclaw The home is a new construction by Pulte. I am just planning to buy minor furniture after a couple months of living there. I still have to check on the mortgage rules of the service that its going to own my loan to get rid of the PMI, but that the plan is to find a way to get rid of it.

@ovrclockd Oh gotcha. Thanks for the clarification.

@ovrclockd Thanks for your analysis. It seems that you missed to subtract from the total cost the PMI which is $170 with 10% and $81 with %15 The principal and interest on 10% is 3214 and 3036 on %15.

@ovrclockd Homeowner Insurance and property taxes are fixed. property taxes $1001 monthly home owner insurance $179 monthly

@ovrclockd Hey! At 10% PMI $170 and $81 with 15%. The %4.99 won’t change with the down payments 30yr fixed at %4,99 3.yes, Stock market would be better after 6 years of a steady %8 compound interest gain.

@kelsey12 Do you know what other options could be possible on a conventional loan besides reaching 20-22% equity?

@steephenkarar Thanks for your analysis. The insurance quote is based on a new construction, I expect it to go higher next year. Property taxes are already including the value of the land and the property. Insurance is about 2k for the first year. Would your answer change if I disclose...

Hey all, I would like your help to understand if it makes financial sense to raise my house downpayment to 15% from 10%. 5% is $33,000. Loan interest rate %4,99 5% more Downpayment on the home Home monthly cost with 10% (Including Taxes, PMI, Insurance): 4,564.00 Home monthly cost with...