Each borrower has different needs making this question far too difficult to answer.   Several points to consider are: How long do you intend to live in your home?  How much money do you have for a down payment?  How much can you afford in monthly payments?  Do you expect your financial situation to change?  With this information you can experiment with a loan payment calculator to budget your payment as well as adjustable rate mortgage calculators and term comparison mortgage calculators to see how various scenarios play out regarding your needs.  Use the mortgage calculators to analyze your existing budget with the home loan payment amount, different terms and interest rate options to see which combination works best for you.

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