It has minimal affect...a golf ball will hit the ground at the same time as a watermelon. In a vacuum a hammer and a feather will fall at the same rate.
http://indianapublicmedia.org/amomentofscience/ground-golf-bowling-ball/
https://www.angio.net/personal/climb/speed.html
You're not understanding. Terminal velocity is a very well understood physical thing. You're only talking about freefall in a vacuum.