Buy-down Calculator

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A temporary buy-down mortgage, also known as a "buydown" or "rate buydown," is a type of mortgage in which the interest rate is temporarily lowered for the first few years of the loan. The benefit of a temporary buy-down mortgage is that it can make the initial payments more affordable for the borrower. This can be especially helpful for first-time home buyers or those on a tight budget. Additionally, the temporary buy-down can also help a borrower qualify for a larger loan by lowering their debt-to-income ratio in the short term. However, it's important to note that the interest rate will typically adjust to a higher rate after the buy-down period, which may increase the monthly payments