1. you want to buy a $250,000 house and you will use a conventional mortgage. What is the minimum down payment you have to make to avoid having to purchase mortgage insurance? 2. Amy can buy that...

1. you want to buy a $250,000 house and you will use a conventional mortgage. What is the minimum down payment you have to make to avoid having to purchase mortgage insurance?

2. Amy can buy that house for  240,000 at only a rate of 4.75% 30 years. Rocket mortgage offering a 4% 30 year fixed tate morgage if she pay up fornt 2 pints.