> i think you are both confused about what i was trying to say. my point was that if you put more money down you will have less interest to pay. we were talking about amortization and you didn't make it clear enough that you wanted to talk about total interest paid which is a different thing. > ok so your monthly payment remains the same throughout the duration of the loan?  this is how it works, yes the point of talking about amortization is that people truly don't realize how much they're paying straight to the bank instead of to their own equity when they buy a house with a loan. this is an important concept when you're talking about buying vs. renting and which one makes more sense. buying is not always the smarter choice
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