This can only be determined by having a conversation with a loan officer and having them provide you with some estimates. The simple answer is…it depends! Usually the option with the higher down payment has a lower monthly payment, but you may want to keep your savings as reserves for unforeseen events and go with a higher monthly payment.
Deciding what the best loan structure is for your situation is an iterative process that involves reviewing the pros and cons of different options with a loan officer, and then making a decision once you have all the information. It is our goal to provide you with the information needed to make an informed decision.