House buying plan - sound reasonable?

[beachmouse]

If you look at the amortization schedule for a 30 year mortgage, it front loads the interest so you hardly pay down the principal at all in the first five years. You pay it down pretty significantly though early on if you're talking a 15 year note.

And I'll repeat looking at financially sound condo situations where you don't have to worry about exterior/structural issues. Despite statements to the contrary, you can only do so much with duct tape.