Rate Buydown Calculator
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A rate buydown is a mortgage loan option in which the seller or builder temporarily reduces the homebuyer’s interest rates. The seller or builder pays a lump sum up-front, ensuring a temporarily lower interest rate during the buydown period.
|2/1 Buy Down||Interest Rate||New Payment||Monthly Savings||Annual Savings|
|1/0 Buy Down||Interest Rate||New Payment||Monthly Savings||Annual Savings|
For informational purposes only and may not be accurate for your individual situation. Payment shown includes principal and interest only. Your payment may include taxes, insurance and/or association fees. This is not a commitment to lend and is not a pre-approval. Consult an Ideal Lending Solutions Lending Specialist for full details.
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