I found i house i like in the VA area for 250k and Im putting down 5%. I'm trying to figure out what my monthly mortgage will be going by todays rates. Also, I heard of ways of avoiding PMI through 80/20 loans? But I'm worried because I've heard stories of the rate skyrocketing on the smaller loan? Do I make out better by going that route? Any advice is greatly appreciated.
Read more: Mortgage Payment Estimation/What type of loan to get?
