<prompt> Human: I have a mortgage with Wells Fargo for a home in purchase close to 2 years ago. The purchase price of the home was 355k. My current loan to value ratio is 79.4. I was interested in dropping my PMI and Escrow. My options were explained to me and if I paid down my loan to 75 it would automatically drop or if I got an appraisal I could ask for it to be dropped. For the appraisal method if the value had increased and I was below the 75 loan to value ratio I could drop PMI and Escrow. Also if my home value had not decreased but was below 78 then I could ask for it to be removed. Wells Fargo only contracts with a company named core logic. I was weary at first that I couldnt select my own but whatever. Appraisal goes well, many new homes are being built on my street for 600k- 800k. Im literally the cheap guy on the block but I have a nice home. The tax man has reported two years in a row that my home is estimated at 405k and even the initial appraisal was 365k two years ago. My neighbor sold his home last year identical house 1 week after putting it on the market for 375k. Home searches online showed me that I literally cannot even afford my own house if I wanted to purchase it again today. Long story short I thought that this would be a good time to get an appraisal because everything indicated to me that my value had increased. I was shocked when the appraisal listed the home as 350k. I immediately went online to find homes for 350k in my zip code and turned up nothing except a few old bungalows that will be tear downs for more expensive homes. Completely confused about the situation but I cant help but think that this appraisal of 350k seems fishy. Now if I pay the loan down to 78 my home lost value so I dont qualify for PMI deletion. Has this every happened to anyone before? Now I get it some of you may read this and think well this guy is wrong if he doesnt think his home can lose value. I get it, I may be way off base here but everything that I see in my area suggests that this is an incorrect valuation. Any help or guidance would be much appreciated.  <response>: You need to look at the comps the appraiser used and challenge him to show you that those are truly comparable to what you have. 