#home-equity

2 articles

Killing a $200/Month PMI Premium 10 Months Early Beats Investing the Same $300, Usually

We ran a $350K home at 90% LTV with a $200/month PMI premium through the calculator — a $300/month extra principal payment reaches the 80% removal threshold 10 months sooner, beating a modest investment-return assumption on the same money.

Don't Cash-Out Refi Your 3.5% Mortgage for a $40K Remodel — Here's the Math

We ran a $250K mortgage locked in at 3.5% against a $40,000 kitchen remodel — a cash-out refi at today's 6.8% resets the entire balance, while a HELOC leaves the cheap rate untouched. Over 7 years, the HELOC wins by a wide margin.