Example 2-1 Temporary Buydown based on a $350,000 purchase with 3.5% down payment, final loan amount of $337,750 on FHA 30yr loan with a 6.25% interest rate (6.9% APR)* for years 3-30. See full disclosure below.
Year 1
Monthly Payment
$1,661.53
Interest Rate: 4.25%
(2% rate reduction, 6.9% APR)
$418.06 per month savings
$5,016.69 annual savings
Year 2
Monthly Payment
$1,865.07
Interest Rate: 5.25%
(1% rate reduction, 6.9% APR)
$214.52 per month savings
$2,574.20 annual savings
Year 3+
Monthly Payment
$2,079.58
Interest Rate: 6.25%
(6.9% APR)
Total Savings:
$7,590.89
The Annual Percentage Rate (APR) is current as of 1/31/2025 but subject to change daily without notice and assumes a minimum FICO of 740 with maximum debt-to-income ratio of 45%. Call for current rates. The payment calculations above are based on a 3.5% down payment for a 30 year FHA loan. Payment examples above exclude escrow that may be required for property taxes, hazard insurance, mortgage insurance (FHA MIP), HOA fees and other items where required and if applicable. Rates shown are arbitrary and do not constitute an advertisement or offer to lend. See onsite agent for details, may not be combined with any other offer.
