I have offices in Brookly were we can meet and talk about this if you'd like. Feel free to contact me if you want to set an appointment. Good luck!
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
For conventional loans, once you reach a 20% equity position in the home you can drop the PMI payment and save yourself some money. FHA loans will soon start requiring this PMI payment for the LIFE OF THE LOAN, regardless of how much you pay down your principal amount.
I recommend putting down as much as you can afford to pay as little PMI as possible