How common at twenty and fifteen year mortgages?
Our first home was five down but we set the payments to have it paid off in fifteen years.
To me that is a fine way to go. If the interest takes a crazy jump you have room to stretch out the payments. If it doesn't you are mortgage free quicker (assuming you don't decide you need a bigger house in the interim).
The first year might be tight for you but after that there should be enough of a cushion built up.
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