How can I avoid paying PMI?
Put 20% down on a conventional loan, use a VA loan if eligible, ask about lender-paid mortgage insurance, or plan to remove PMI once you reach 20% equity. ListingCraft for Buyers lets you see how a larger down payment changes your cash to close.
Lender-paid mortgage insurance usually means a higher interest rate instead of a monthly PMI charge, so compare the total cost over how long you expect to keep the loan.