Permanent Buydown Comparison
| P&I Payment | |
|---|---|
| Note Rate |
7.250%
|
| Permanent Buydown Rate ( Cost of buydown: ) |
%
|
| Note Rate vs. Perm Buydown P&I |
3-2-1 Buydown
| Year of Loan | Buydown rate | P&I | Monthly Payment Reduction |
|---|---|---|---|
| 1st year | % | ||
| 2nd year | % | ||
| 3rd year | % | ||
| 4-30 years | % |
Seller Credit Required
| Interest paid at | Temporary Buydown | Permanent Buydown | Difference |
|---|---|---|---|
| 60 months | |||
| 84 months |
2-1 Buydown
| Year of Loan | Buydown rate | P&I | Monthly Payment Reduction |
|---|---|---|---|
| 1st year | % | ||
| 2nd year | % | ||
| 3-30 years | % |
Seller Credit Required
| Interest paid at | Temporary Buydown | Permanent Buydown | Difference |
|---|---|---|---|
| 60 months | |||
| 84 months |
1-0 Buydown
| Year of Loan | Buydown rate | P&I | Monthly Payment Reduction |
|---|---|---|---|
| 1st year | % | ||
| 2-30 years | % |
Seller Credit Required
| Interest paid at | Temporary Buydown | Permanent Buydown | Difference |
|---|---|---|---|
| 60 months | |||
| 84 months |
