Target · Timeline · Monthly Savings Goal
| Down % | On $350K | PMI? | Monthly Impact |
|---|---|---|---|
| 3% (FHA) | $10,500 | Yes + MIP | Highest payment |
| 5% | $17,500 | Yes | High PMI |
| 10% | $35,000 | Yes (lower) | Moderate |
| 20% | $70,000 | No PMI! | Lowest payment |
PMI typically costs 0.5-1% of loan/year ($145-290/mo on $350K). Drops off at 20% equity.
| Strategy | Potential |
|---|---|
| High-yield savings (4-5% APY) | $3-5K/yr on $70K |
| Automate transfers on payday | Consistency = compound |
| Cut subscriptions audit | $50-200/mo found |
| Side hustle income → house fund | Accelerates timeline |
| Gift funds from family | Most lenders allow with letter |