833-IAM-TBLO
A temporary buydown uses funds paid upfront to subsidize part of your payment for the first one to three years. The loan's note rate does not change. Explore hypothetical 1/1, 2/1, or 3/2/1 payment scenarios; when the subsidy ends, your payment returns to the full note-rate amount.
The prefilled loan amount and note rate are examples you can change, not available terms or an offer. This assumes a fixed-rate, fully amortizing loan with level monthly principal and interest (P&I) payments. It does not calculate APR or include taxes, homeowners insurance, mortgage insurance, closing costs, other loan charges, or program-specific buydown rules. Actual eligibility, funding and payments may differ.
A temporary buydown subsidizes a portion of the borrower's P&I payment for the first one to three years; it does not reduce the note rate. The funds may be provided at closing by a seller, builder, buyer, or other permitted source, subject to loan program rules. Once the funds stop covering the difference, the borrower pays the full note-rate payment.
The payment is calculated as if the rate were 3 percentage points lower in Year 1, 2 in Year 2, and 1 in Year 3. The note rate remains unchanged.
The payment is calculated as if the rate were 2 percentage points lower in Year 1 and 1 in Year 2. The subsidy ends in Year 3.
The payment is calculated as if the rate were 1 percentage point lower in Year 1. The subsidy ends in Year 2.
WANT TO KNOW MORE?
Contact Me
