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Aerial shot of Philadelphia, Pennsylvania
If you put down less than 20% on a conventional mortgage, you'll need to pay for private mortgage insurance.

Philip Grant/EyeEm/Getty Images

Tags
Personal Finance, Loans, Mortgages, Down Payment, homebuying, Personal Finance Insider, pfi, PFI Reference, TOC-jump-to, PFI Bankrate, PFI Storytelling
Source
How much do you need for a house down payment?