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80-10-10 Comparison

This is way for a buyer to avoid paying mortgage insurance on a 90% loan by applying for an 80% first mortgage and a 10% second mortgage. It compares the payments on a 90% loan with MI and and the combination of the two mortgages.

This is way for a buyer to avoid paying mortgage insurance on a 90% loan by applying for an 80% first mortgage and a 10% second mortgage.  It compares the payments on a 90% loan with MI and and the combination of the two mortgages.