[PennyPincher]

The townhouse was $247,000.
Similar units are currently selling between $280,000-$300,000 (but the market is softening.)

I owe $227,000.

Since I've only had the loan about a year and a half, I can't request an appraisal yet. My lender requires that the loan is 2 years old.

So....I could wait until September and hope that it will get appraised at a number high enough to remove my PMI. I will likely pay upwards of $350 for the appraisal, and $173/month until then in PMI - which totals $1,561. (none of which is deductible.) I don't know how to decide if this is a better option, or getting a loan to pay down the 20%. Ugh.