<prompt> Human: Ive been researching the home buying process, and wanted to clarify a few things to get oriented in the right direction. Im looking to buy a 200k house to last me 5-10 years. - I wont have a huge down-payment 10k in order to avoid depleting my emergency fund. Ive been looking towards FHA, but Im wary of PMI. Im eligible to join Navy Federal, which has 100 financing with no PMI, but has fairly high interest rates for this option. NFCUs brief on PMI for FHA does not provide specific details - would it be less than through a typical lender, or is PMI rate common for all FHA loans? - Follow up: quick online estimates suggest mortgage payments for FHA with PMIlower interest rate and 100 financing without PMIhigher interest rate would be comparable; at that point, are there any additional benefits worth noting of one versus the other?- Im currently a member at a major US bank; would switching banks completely to NFCU or opening a second account negatively affect my credit heading into obtaining a mortgage? Ive seen mixed opinions on this.- APRinterest rate: FHA loan has a minimum 3.5 interest rate, 5.149 APR, while 100 financing has 5.125 interest rate, 5.443 APR. When comparing APRs, FHA isnt as impressive as interest rate solely. When using online mortgage estimators, would the APR be the appropriate interest rate for a more accurate monthly estimate?Im very new to this and hoping to not screw up too badly. Any additional guidance to these questions that youre willing to share would be greatly appreciated. Thank you!Assistant: First things first, why do you want to buy a house? Human: My hope is that putting money into the house, i.e. mortgage, renovations, etc., will result in a sufficient profit to put a 20 down payment on a nicer home in five, six, seven years.  <response>: 15 years ago maybe, not to be counted on anymore. 