Buydown
See how a temporary interest rate buydown lowers your monthly mortgage payments during the first few years of your loan.
Strategic Insights
A 2-1 Buydown is a popular strategy where the seller pays an upfront subsidy to lower your interest rate for the first few years. This saves you $11,518.56 in total during the initial period.
This is an excellent tool for buyers who expect their income to increase or who want to use their initial cash preserves for home improvements or furniture instead of high mortgage payments.
$11,518.56
First 24 Months of Ownership
Disclosure
This calculator is provided for illustrative purposes only and the results are based on the information you provide. Estimated monthly payments are only an estimate and do not include additional factors such as mortgage insurance, property taxes, or fees. Financial decisions should not be based solely upon the results of this calculator.