Tania is interested in buying a $135,000 home. how big does her down payment need to be in order to avoid pmi?

To avoid Primary Mortgage Insurance (PMI) ,you need to have the loan balance be 80% or less of the home value.Therefore,Tania needs to give a down payment of at least 20% of $135000

= 20/100 * 135000 = $27000

So Tania needs to pay $27000 down payment or more in order to avoid PMI( Primary Mortgage Insurance ).

$27,000 APEX

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