No. As a rule, more money down gets you better conventional pricing, and 20 percent down prices better than 5. The misconception traces to a wave of headlines about revisions to loan-level price adjustments, the LLPAs, which are the risk-based pricing add-ons Fannie Mae and Freddie Mac apply based on credit score and down payment. Some coverage claimed putting less down would earn a lower rate. In practice the direction held: bigger down payments price better, with the strongest pricing in the lowest loan-to-value band, around 60 percent LTV and below. The note-rate gap between 5 and 20 percent down is often smaller than people expect, and that is where the headlines missed the bigger cost. With 5 percent down you also carry private mortgage insurance, which 20 percent down avoids entirely. Even when the rates land close, the total monthly cost with less down is usually higher once PMI enters the picture. The LLPA grid does get updated, so have current pricing run for your exact credit score and down payment instead of trusting a headline. We will price both scenarios side by side for you on the free Roadmap conversation.