<prompt> Human: My wife and I are buying a home that is 430,000. The bank has offered us a 3 down, 3.8 interest rate with estimated PMI payments of 380.00 on top of principal and interest. Or we have a 3 down and 4.4 interest rate with no PMI. While the 4.4 is the lower payment it is also likely the higher cost of the loan after 30 years. Any insight appreciated!Edit 1: First loan is a Fannie Mae 97 and second is a doctorsprofessionals loan.Assistant: What is the total payment in both scenarios? If it is significant enough, Id go with the lender paid PMI loan at 4.4. You wont get to 20 equity for a long time and even when you do, rates could be substantially higher than they are now.Human: Total paymentsFM 97 - 747,773 with a 2328 monthly payment for 10 years then 1948 a month after dropping PMIDoctors - 753,545 with 2093 monthly payment  <response>: If you go option 2 and still make 2328 monthly payments, you will pay significantly less in the long run. Id recommend the Doctors loan. 