The following will help you to see if you will qualify for the loan you want. If you choose to put down 20% or more, your PMI will be '0'. If you are buying with a FHA loan, with as little as 3.5% down, use 1.25% as the PMI, and with loans $625K or higher, PMI is 1.6%. If you are buying with a VA loan, use '0' in PMI as the 'funding fee' is collected up front. If you have a 10% or more disability there is no funding fee charged. Please note that each lender may have easier or slightly stricter loan standards.