Down Payment question?

I am a first time home buyer. I just got approved for a FHA loan at 6.75% on 130,000. FHA only requires a 3% down payment. If I put 10,000 down, thats more than 3% how will that help me in the long run?. Will it knock down my monthly payments”. Right now my payments will be 1,023 a month. But thats at only a 3% down payment. If I put more down, will that knock them down significantly?

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