80/10/10 Piggyback Mortgage Calculator
Evaluate 80/10/10 piggyback loan structures vs paying PMI on a single 90% LTV mortgage.
Why Use an 80/10/10 Piggyback Structure?
Putting less than 20% down on a home usually triggers mandatory Private Mortgage Insurance (PMI). By taking out a second mortgage for 10% of the purchase price alongside your 80% first mortgage, your primary loan stays at 80% LTV, eliminating PMI requirements.