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The Daily Capital
REAL ESTATE Β· Lesson 37

Down payments & PMI: the 20% myth

Daily Desk Β· Editorial5 min read
You've heard you need 20% down to buy a house. You don't β€” but skipping it comes with a monthly fee called PMI.

β€œYou need 20% down to buy a house” is one of the most repeated β€” and most misunderstood β€” rules in money. The truth is more useful: you don't need it, but there's a trade-off.

β€” Educational, not financial advice.

Down payments & PMI: the 20% myth β€” The Daily Capital