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What a temporary buydown actually costs

The loan

$400,000

30-year fixed. Any decimal — 6.625, 6.62, whatever you were quoted.

Show me

Three standard structures, priced on your numbers. Each one lowers your payment for a fixed number of years and then stops — so the only real question is which one you ask the seller to fund, and what that costs them.

Loan amount $1,600,000 · payment at the note rate $11,050.80/mo. Principal and interest only — an illustration from the numbers above, not a quote, an approval, or an offer of credit.

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