Mathematics, 12.01.2021 22:00 elijah1090
You have found a home that you are interested in purchasing. Instead of a conventional loan, you agree to pay the
premium for the private mortgage insurance (PMI), which finances 95% of the loan. The amount of the home is listed
at $125,000. From the given information, determine the amount needed for the down payment to qualify for the PMI
loan
$6.250
$625
$118.750
d. $62,500
Answers: 1
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