Zillow Advice: Home Buying - Is there a cost penalty for putting less than 20% down on a new home mortgage? http://www.zillow.com/advice-thread/Is-there-a-cost-penalty-for-putting-less-than-20-down-on-a-new-home-mortgage/254812/ Zillow Advice | Zillow Real Estate when your lender does up ... http://www.zillow.com/advice-thread/Is-there-a-cost-penalty-for-putting-less-than-20-down-on-a-new-home-mortgage/254812/ when your <a href="http://www.zillow.com/directory/lenders/">lender</a> does up all the paperwork he will charge you slightly more than just normal interest because of PMI... if you get a <a href="http://www.zillow.com/fha-loan/">FHA loan</a>, there is an <a href="http://www.zillow.com/mortgage-glossary/Origination-Fee/">origination fee</a> instead Fri, 10 Jul 2009 19:59:00 GMT http://www.zillow.com/advice-thread/Is-there-a-cost-penalty-for-putting-less-than-20-down-on-a-new-home-mortgage/254812/ 2009-07-10T19:59:00Z Sort of. You have to pay ... http://www.zillow.com/advice-thread/Is-there-a-cost-penalty-for-putting-less-than-20-down-on-a-new-home-mortgage/254812/ Sort of. You have to pay PMI (private <a href="http://www.zillow.com/mortgage/help/Private-Mortgage-Insurance.htm">mortgage insurance</a>) every month until you have at least 20% equity and have aged the <a href="http://www.zillow.com/mortgage/">loan</a> for a certain number of months. Fri, 10 Jul 2009 19:42:00 GMT http://www.zillow.com/advice-thread/Is-there-a-cost-penalty-for-putting-less-than-20-down-on-a-new-home-mortgage/254812/ 2009-07-10T19:42:00Z