I have no regrets putting 5% down on our first house, but our second was 20% and I wouldn't go less on the next one.
We did ramp up the payments right away to build a cushion though. At the time we were newly married, impatient and willing to take a risk. It was a house that we could easily afford to make payments on in a booming market. The same model was selling for 50% more than we paid in the 10 months between when we signed a purchase agreement and when we moved in after construction. So waiting a year to quadruple our down payment seemed like a bad financial decision.
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