Adam and Ava are looking for their first home purchase. They know that they want a conventional mortgage. Assuming they have a pre$-$approved mortgage for $$500,000,$ what would be the minimum down payment needed?

Select one:

a$.$

$$70,000$

b$.$

$$125,000$

c$.$

$$100,000$

d$.$

$$75,000$

e$.$

$$80,000$