<prompt> Human: Is it worth it to roll closing costs into your mortgage? If I do it, I can use the extra cash for a larger downpayment, and get rid of PMI 13 months earlier. However, in order to do it, I heard the house has to appraise for more. Does this mean that property tax is 3 higher forever?  <response>: If you finance the closing costs, you need a bigger mortgage, and the property appraisal would have to support that, yes. The impact on property tax is probably negligible, but you would be paying interest on the closing costs over time. 