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Mortgage companies have been a lot more lenient on the 20% down in recent years, you're much less likely to have to pay mortgage insurance anymore, cuz chances are, you won't be able to raise $100k. Yes, a 15-year fixed will save loads of money over the long run, and if you can swing the bigger payments, you'll end up with more equity, but if you're not planning on owning the house a real long time, just go with the 30-yr.
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