We went with a 1/1 ARM, starting at 4% with only 3%DP. Our appraisal was spot on then the market jumped and a few similar houses in our neighborhood sold for 50K more than ours not to mention our lot has more land.

This year it will likely got up to 5% = $120/mo.

Current Car: 2005 Lava Orange Mazdaspeed Miata 2004 Graphite Dodge Stratus Old cars: 2003 Garnet Mica Miata/1998 T-Red SVT Contour