You
should claim the deduction that gives you the lowest tax.
It
is often true that, in the year a home was purchased, real estate taxes,
mortgage interest and PMI do not exceed the standard deduction. In your case,
you should claim the standard deduction.
When
you are entering deductions, remember to claim state income tax or sales tax,
depending upon what state you live in, before you dismiss your itemized deductions
as too low. People who live in states with no income tax can easily forget that
they can claim sales tax as a deduction.
