2-1 Buydown Calculator
Interested in knowing how a 2-1 buydown would affect your clients home purchase? With our 2-1 buydown calculator, you will be able to determine how this will benefit your clients financial situation.
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This calculator is for estimation purposes only. It is a basic calculator using information entered by you which may differ from the actual terms at the time the loan terms are set. The calculator does not include fees and costs that may apply to a loan, and it does not account for all loan programs. Results may vary and will be subject to individual program guidelines and limits. Qualification, rates, and payment will vary based on timing and individual circumstances. The results do not reflect an official mortgage loan offer or a commitment to lend. Please contact a licensed mortgage loan originator for more information regarding your specific needs and situation.
FAQ’s
What is 2-1 Buydown?
A 2-1 buydown is a type of financing that lowers the interest rate on a mortgage for the first two years before it rises to the regular, permanent rate.