How much of a down payment do I need to avoid mortgage insurance?
How much of a down payment do I need to avoid mortgage insurance?
20 percent To avoid PMI, you’ll need at least 20 percent of the home’s purchase price set aside for a down payment. For example, if you’re buying a home for $250,000, you need to be able to put down $50,000. Another strategy is a piggyback mortgage. Dec 9, 2021
