Question
What percentage of a home price is typically required for your down payment if you want to avoid purchasing private mortgage insurance (PMI)?
A
15 percent
B
18 percent
C
20 percent
D
35 percent
A
15 percent
B
18 percent
C
20 percent
D
35 percent
Answers
GPT-4o mini
C. 20 percent
Typically, a down payment of 20 percent of the home's price is required to avoid purchasing private mortgage insurance (PMI).
Typically, a down payment of 20 percent of the home's price is required to avoid purchasing private mortgage insurance (PMI).