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Reply to "If your HHI is 250k...how much is your monthly mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a similar income. Our PITI was $3850, with 2 kids in daycare. It was manageable but it felt too high. We were able to refinance and drop the PMI last year and now our PITI is $2800. That 1k monthly savings really makes a difference and I feel much more comfortable.[/quote] Your PMI was $1000 a month? I got quoted a PMI of 150ish on a 800k loan with 10percent down… of course they said the whole sheet is just an estimate. Am I in for a big surprise? Is PMI really usually that high?! [/quote] No, our PMI was about $300 and with the lower interest rate from the refinance, we were able to lower our monthly payment by $700 and eliminate the $300 PMI. Total savings was 1k.[/quote]
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