Jessica is buying her first new home. The home has been appraised at $330,000. For Jessica to NOT have to pay private mortgage insurance she must come up with a downpayment of ________.

Name: Jessica is buying her first new home. The home has been appraised at $330,000. For Jessica to NOT have to pay private mortgage insurance she must come up with a downpayment of ________.
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Question

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To avoid private mortgage insurance, a typical requirement is a 20% down payment. 20% of $330,000 is $66,000.

Jessica Is Buying Her First New Home