16 Select the correct answer. The Franzes are purchasing a home for 195,000 and they are using a conventional loan. What is the best estimate for what their down payment wil be? A. 5,850 B. 19,500 C. 39,000 D. 48,750

## Step 1: Determine a Typical Down Payment Percentage### In conventional loans, a common down payment percentage is typically around 20% of the purchase price.## Step 2: Calculate the Down Payment### Calculate 20% of the home's purchase price: .