And by paying mortgage insurance for 7 years?
I would do some calculating on that, every dollar he puts down is money that he doesn't pay interest on
He has been paying of his mortgage for 12 years, and he would probably clear 50 thousand (just a guess and it's really none of my business) but if he were so inclined, I think a hefty down payment is a better option.
(Though it sounds like he is planning to rent, regardless)
