Table I. Down-Payment Size Effects ($200,000 home at 8 percent interest)
 Monthly Payment
(principal & interest)
Total Interest
Down-
Payment
20 Years25 Years30 Years20 Years25 Years30 Years
$0$1,670$1,540$1,470$201,100$262,800$327,800
$10,000$1,590$1,470$1,390$191,110$249,700$311,400
$20,000$1,511$1,390$1,320$181,100$236,500$295,500
$30,000$1,420$1,310$1,250$170,900$223,400$278,600
$40,000$1,340$1,240$1,170$160,900$210,800$262,200
$50,000$1,260$1,160$1,100$150,800$197,100$245,800
Note: The monthly payment is rounded off to the nearest $10; the total interest payment is rounded off to the nearest $100.