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BUYDOWN CALCULATOR
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Loan amount$569,050
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Purchase Price $599,000
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Interest Rate (Annual)6.900%
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Loan period in years30
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Number of payments per year12
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Monthly Payment$3,747.76
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Total Payments360
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2-1 BUY DOWN
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Interest RateNote Rate Payment Buydown Payment Monthly Savings# of PaymentsAnnual Monthly Savings
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Year 14.90%$3,747.76$3,020.10$727.6612$8,731.96
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Year 25.90%$3,747.76$3,375.24$372.5212$4,470.25
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2/1 Buydown Cost$13,202.21
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Concession Required 2.204%
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1-0 BUY DOWN
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Interest RateNote Rate Payment Buydown Payment Monthly Savings# of PaymentsAnnual Monthly Savings
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Year 1 5.90%$3,747.76$3,375.24$372.5212$4,470.25
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1/0 Buydown Cost$4,470.25
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Concession Required 0.746%
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OWNER: UND
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