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When we went to the bank we could have gotten the same rate +0.125% we were offered at 20% if we had went for less with a second mortgage.
Aka at 20% could have been 4.5% and at 10/10 would have been 4.625% + the second mortgage at prime rate HELOC.

Key is still that you get to 20% to avoid PMI, unless you're talking to a portfolio lender who might not need it if they don't plan on selling your mortgage to Fannie.
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