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all right heres the contract to buy your house sweet heres a sixty thousand dollars for a down payment I am only putting nine thousand down well youre gonna need to pay PMI for that every month dont be dumb man thats like an extra 150 a month yeah but youre paying an extra 50 000 up front thats a way bigger deal than 150 a month right but my payment goes towards My Equity the PMI is just money youll never see again yeah dudes right I could refinance it to get rid of it refinancing costs money all right Im Gonna Keep it a stack I dont have sixty thousand dollars I have nine thousand and either I pay 150 a month or I dont buy a house and keep renting for the next five years while I save up oh well then it probably makes sense to pay extra for PMI