Today, the typical amount of cash needed for a down payment for a conventional home mortgage is what percentage of the purchase price?

Name: Today, the typical amount of cash needed for a down payment for a conventional home mortgage is what percentage of the purchase price?
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The typical amount of cash needed for a down payment for a conventional home mortgage is 20% of the purchase price. This helps borrowers avoid paying for private mortgage insurance (PMI).

Today, the Typical Amount of Cash Needed for a Down