If you make a down payment for a home that is greater than 20 percent of the home value, you will not need to pay _____. collateral PMI MPI closing costs

Answer: If you make a down payment for a home that is greater than 20 percent of the home value, you will not need to pay PMI. 

Note that PMI really isn't that bad if you have someone to walk you through the logistics. Hope this helps!