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@maggiehanley If you want to maximize the growth of your money, you'd invest rather than pay down the mortgage, since the mortgage interest is quite low compared to the average long term returns of the market (which are >8% year). As far as investing goes, typically very high return investments...

@snervel In the absence of 20% equity your lender will require you to purchase private mortgage insurance. PMI will add hundreds to your monthly payment and ultimately add thousands (tens of thousands) to how much you pay for the house. You can put less down, but it's going to cost you.

@snervel You're not married, so don't go in on a house together until you are. It can be quite messy if something goes wrong. Once you are married, you want to aim for 20% down on the house, plus closing costs. So, take the money you have saved for buying a house, subtract the average closing...