Does having a down payment on a house lower the interest rate?
Answers | 1
You MAY get different prices for a rate in 5% downpayment increments - a 10% down loan may be a slightly lower cost than a 5% down loan, but chances are the rate doesn't change.
Putting down money in less than 5% increments does nothing for your price or rate. 8% down is the same price as 5%. Only your principle would change in that case.