Answer:
More than $80,000
Explanation:
If an individual wanted to take a House mortgage loan(without PMI) his Down payment must be exceed from 20% of mortgage loan value.
In the case of Andrew and Jackie, they have to pay more than 20% of there House mortgage value , which is $400,000
Computation:
To take the loan without (PMI) = Â more than 20% of House mortgage loan
= $400,000 x 20%
= $80,000
So, they have to pay more than $80,000
