I have the seller and third party paying closing costs. What is the best way to spend it?I am purchasing a short sale home and the bank has agreed to pay 3.5% of closing and prepaid costs. After the fact, I learned my company, as part of a relocation package will cover 3% of closing costs (not points, but orgination and other standard costs). I had planned on putting 10% down on the $240K home and dealing with PMI until I can refi. The home needs some work and I believe based on comps I could remove PMI within a year. What is the best way to structure this to take advantage of the dual closing cost coverage? My goal is really a lower payment long term, we have a decent reserve of cash for upgrades even with 10% down.June 10 2010 - Oviedo00YesReport 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.