Best rate and lowest monthly paymentsHi, I'm doing a 30y conventional loan with 15% down to keep monthly payments low. In my research to get the best rate a lender suggested to ask for seller's concessions and to put down 20%. I like the idea to cut out pmi and escrow account, but wonder if the higher loan amount is better? At the end am I not paying interest on a higher loan? How about transfer tax increase etc..and of course higher down payment is cutting down funds left to renovate. Can someone breakdown if one over the other is better in the long run? Am I losing out giving more money with higher loan? Thanks in advance. Also considering online lenders for best rates...thoughts? Thanks!!!February 05 2014 - Brooklyn00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.