Question 5 2 pts Amy offered $800,000 for a house she liked and her offer was accepted and went into escrow. She planned to pay $170,000 down payment and finance the remaining with 30-year fixed conventional mortgage. Later, the house was appraised for $720,000. Which of the following statements is true? She does not need to pay PMI because her loan-to-value is 78.75%. She does not need to pay PMI because her loan-to-value is 87.5%. She has to pay PMI because her loan-to-value is 78.75%. She has to pay PMI because her loan-to-value is 87.5%