The plan is to pay as little per month as possible. Our plan is to stay in this home for no more than 5 years (Looking at 3/2s and we will grow out of it in that time but cant afford a 4 bed at the moment). My salary increases every year so in a couple of years we should be able to sell/rent and move on to bigger and better.

My question is; what is the best program? We will not have enough for 20% down so keep that in mind.

What is a 5/1? Seems like it is exactly what I am looking for but maybe I dont fully understand.

Right now we are looking at a conventional with 5% down and the mortgage company will pay PMI.

What do you guys recommend? We have good credit (750+), I make more than enough to qualify for the amount of purchase price we are looking at. I just want my monthly as low as possible for the first 5 years or so since I plan on selling.

This is all in California, if that helps.

Thanks CB!