Heh, yeah, we'll be paying PMI for quite a while yet- when we bought we did a grant program for the downpayment, we didn't have it. So it would take us QUITE some time to get to 20% equity. Even though we're doing an equity enhancement program where we pay a little more than half twice a month. They say it will reduce our interest by $35,000.
And, the sad thing is our house is NOT a fixer upper and there's about a billion things we need to fix right now. Air conditioner ruined the new floor in the bedroom, some of the exterior trim is rotting, landscaping needs to be finished in the backyard... it's never done! Ah well. At least we're never bored. Or have too much money.