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2. How to Avoid PMI - AOL

   www.aol.com/finance/avoid-pmi-163543476.html

   The simplest way to avoid PMI is to make a down payment of at least 20% of the purchase price. With home sale prices averaging well over $400,000 nationally, however, this means a down payment of ...

3. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   Put 20 percent down: If you put 20 percent down on a home, you’ll avoid the PMI expense altogether. That can be tough to save up for, however (though down payment assistance might help).

4. How to get rid of private mortgage insurance (PMI) - AOL

   www.aol.com/finance/rid-private-mortgage...

   The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...

5. 10 Things You Must Do Before You Put a Down Payment on ... - AOL

   www.aol.com/10-things-must-put-down-110031327.html

   This can add a notable amount to your monthly mortgage payment. “The cost of PMI is typically between 0.5% and 2.25% of the mortgage loan amount and it is added to your monthly mortgage payment ...

6. Average down payment on a house - AOL

   www.aol.com/finance/average-down-payment-house...

   The median down payment on a home in the U.S. in Q1 2024 was $26,700 — about 8% of the median home purchase price at that time. ... in effect gives you a 20 percent down payment — so you avoid ...

7. Dave Ramsey Shares Three Rules For Buying A House - AOL

   www.aol.com/dave-ramsey-shares-three-rules...

   Ramsey also suggested making at least a 20% down payment on a conventional Fannie Mae loan to avoid paying private mortgage insurance (PMI), which costs $75 per month for each $100,000 borrowed ...

8. This is how much money you need to earn annually to ... - AOL

   www.aol.com/finance/much-money-earn-annually...

   It is worth pointing out that if you want to avoid private mortgage insurance (PMI), a down payment of 20% or more is typically needed. Still, there are first-time homebuyers programs available ...

9. How To Save for a House in 2025: Simple Ways to Start ... - AOL

   www.aol.com/finance/save-house-2025-simple-ways...

   After a 20% down payment of $80,000 up front, your monthly mortgage payment would be $2,022.62. Over the course of your 30-year loan, you’d pay $408,142.36 in interest.