80-10-10 or PMI and New Appraisal afterwardConsidering a home at 400k and doing an 80-10-10 or 10% down and PMI. The home is bank owned and tax value is over 600k. Comps are showing average sales of $130 a sq.ft. which would put this home at well over 450k. Can I go the PMI route and then pay for another appraisal after we move in? Then if the home appraises at or above 450k, can I get out of paying the PMI at that time?November 14 2010 - North Raleigh00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.