Mortgage Calculator
Buydown Calculator
Model 1-0, 2-1 and 3-2-1 temporary buydowns and their estimated cost.
Buydown structure
A temporary buydown lowers your rate for the first 2 years, then the payment moves to the full note rate.
Year 1
4.75% buydown rate
2 percentage points below the note rate
- Estimated principal & interest
- $1,565
Year 2
5.75% buydown rate
1 percentage point below the note rate
- Estimated principal & interest
- $1,751
Year 3 and remaining term
6.75% note rate
- Estimated principal & interest
- $1,946
Estimates only, for illustration. The buydown cost is usually paid by a seller, builder or other interested party at closing, subject to program limits. Actual payment, taxes, insurance and terms are determined by your loan approval and are not a commitment to lend.
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Learn moreWant these numbers verified?
Estimates are a starting point. A review of your documents produces figures you can rely on.