The .75% is a hit to pricing, not to the interest rate of your loan. At origination, you can choose to either pay the .75% of the loan amount up front OR accept an interest rate that is about .25% higher for the life of the loan.

You need 20% down to avoid mortgage insurance.
You need 25% down on a condo to avoid the pricing .75 hit.
It also depends on your credit score. If your mid score is below 740 you will have additional pricing hits…. HLS