Get a loan with PMI or save the money?

[Gagan Johal]

Hello BPers

I am about to close on the deal.

Purchase price is $144000

Either I do 15% down and pay PMI, save the cash or 20% down and no PMI

Down payment difference is $7000 more for 5%

PMI will be around $67.

Mortgage with PMI = 910

Mortgage without PMI = 785

Rent potential is $1200-1300

What should I do?

Thank you.