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Josh has identified a home that he would like to purchase. The home is listed for $ 4 5 0 , 0 0 0 and

Josh has identified a home that he would like to purchase. The home is listed for $450,000 and similar homes in the neighborhood have been selling for 95% of list price. In determining the amount of cash to put toward the purchase, how much cash should be put down to eliminate the need for private mortgage insurance and the escrowing of property taxes and homeowner's insurance costs?
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