—best over your holding period
| Price reduction | Temporary buydown | Permanent buydown | |
|---|---|---|---|
| Loan amount | |||
| Rate | |||
| Payment, year 1 | |||
| Payment, year 2 | |||
| Payment, year 3 | |||
| Payment, year 4 on | |||
| Seller money used | |||
| Leftover for closing costs | |||
| Paid over holding period | |||
| Net cost over holding period* |
*Payments made minus the seller money you kept as leftover. Principal, interest only. A price reduction also lowers your property tax and the balance you owe when you sell, which this table does not count.
For education and comparison only. Rates, costs and program rules depend on your credit, property and loan, and nothing here is a quote or a commitment to lend. Want the real version for your situation? Let's talk.
Other calculators: Monthly payment · Refinance break-even · Buydown comparison · Extra payments · HELOC · Rent vs. buy
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I'll run the real options against the actual pricing that day, including what the lender will and won't allow.