Large deposits yield the lowest interest rates. For example, let’s say I want to buy a house worth $330,000 over 30 years with a 4.5% interest rate. If my down payment is $66,000 (20% of home worth) my monthly payment is $1,620 a month. If I increase that down payment to $99,000 (30% of home worth), my monthly payment is $1,453 a month. The different in the monthly payments is $167/month. Over the course of 30 years this can save you $60,120.
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