* Closing costs are estimates. Additional fees may apply. Title Owner's Policy: (SP − $100,000 × 0.5544%) + $875.
A 2/1 buydown reduces the rate 2% below in Year 1 and 1% below in Year 2, settling at full rate Year 3+. Cost is typically a seller concession.
Period
Rate
Monthly P&I
Monthly Savings
# Payments
Period Total
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2 Year Temp Buydown (2/1) Inputs
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2 Year Temp Buydown (2/1) Analysis
A 2/1 buydown reduces the rate 2% below the note rate in Year 1 and 1% below in Year 2, before settling at the full rate in Year 3+. The cost shown below is the seller credit needed to fund this buydown.
Period
Rate
Monthly P&I
Monthly Savings
# Payments
Period Total Savings
3 Year Temp Buydown (3/2/1) Inputs
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%
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3 Year Temp Buydown (3/2/1) Analysis
A 3/2/1 buydown reduces the rate 3% below the note rate in Year 1, 2% below in Year 2 and 1% below in Year 3, before settling at the full rate in Year 4+. The cost shown below is the seller credit needed to fund this buydown.
Period
Rate
Monthly P&I
Monthly Savings
# Payments
Period Total Savings
Seller Concessions Calculator
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* Contribution types include: Closing Costs, Prepaid Items, and Discount Points. VA loans also allow seller to pay up to 4% for debt payoff/concessions. State and county maximums may apply. Always verify with your lender.