aunt Tillie has agreed to loan you $10,000 for the down payment on a home. You have decided to structure the loan, so that the payment amount remains constant through the term of the contract and you can budget for a consistent loan payment each month. With regard to the loan for a down payment on your mortgage, what drawback exists with the loan you want compared to a loan in which payments decrease through the term of the loan?

Higher interest payments

a longer term

A larger down payment

Less interest expense deduction for income tax purposes