If you put down less than 20% on a conventional loan, you must pay .
: PMI protects the lender, not you, if you default on the loan. buying a house with less than 20 down
: Usually ranges from 0.5% to 1.5% of the loan amount annually, added to your monthly payment. If you put down less than 20% on
: Many allow as little as 3% down for first-time buyers. buying a house with less than 20 down