One thing I learned about mortgage insurance, or PMI, is that it can add a surprising amount to your monthly payment if you’re putting down less than 20%—something first-time buyers often miss. My advice: ask your lender early on exactly how much PMI will cost you and explore ways to remove it down the road, like refinancing or reaching that 20% equity mark faster. I’ve seen clients get creative to eliminate PMI sooner, and it’s always a win for their budget and peace of mind.