About how much does mortgage insurance cost?
My credit is well over 750 and I put 10% down, my mortgage insurance is $30 per month. If you’re not putting down at least 10% it will probably be significantly higher so I’d find a way to come up with the extra $$. $10,000 will probably equate to about a 3% downpayment because closing costs are typically at least $5,000 on a purchase.