conversation: User (xstitchpixel): "My family purchased our first home last year, for 160k, right at appraisal value. We put 3% down with financial assistance and have PMI of about 200 a month. We currently owe 154k\n\nHowever, this is central Vegas on a fairly large lot for a single family home. I just checked our current estimated property value and it is clocking in around 200k. Go Raiders and Knights I guess, everyone wants to be in Vegas now. \n\nDoes this increase in value translate to equity towards to 20% to dispel the PMI?"
  Self: "You'll need to look at your mortgage docs. Some loans have a maturity clause that states PMI cannot be removed for a specific period, for us it was two years from the date of close. I have a conventional 30yr and thankfully caught that clause before paying $450 just to have my servisor reject the appeal."
  