Originally Posted by newbreed

If you are talking about what the bank had as an appraisal, it's usually very close to what the laon was, as they don't want you to have equity right off the bat (hence requiring the PMI). This loan we just got, wouldn't you know it, the house was appraised at around $200.00 less than the loan amount...lol The listing price and sale price were much higher, but they werent going to give us that much equity as soon as we closed.

Banks suck.