Mortgage Tools & Guidance
Increase your buying power with strategic rate reductions. Lower your monthly payments in the early years of your mortgage.
A temporary rate buydown is a strategic tool that gives you more buying power in today's competitive market. Here's how it works: a rate buydown temporarily reduces your interest rate for the first few years of your mortgage. Think of it like a discount on your monthly payment, freeing up some of your budget at the beginning of your mortgage.
By lowering your initial monthly payments, a rate buydown can make your dream home more affordable, especially in a market with high interest rates. After the buydown period ends, your rate adjusts to the full note rate for the remaining loan term.
Enter your loan details to see how much you could save with each buydown option
Full Note Rate Monthly Payment
$2,212
Year 1
5.50%
Monthly Payment
$1,987
Year 2
6.50%
Monthly Payment
$2,212
3-Year Total Savings
$2,700
Compared to full note rate
Year 1
5.50%
Monthly Payment
$1,987
Year 3
6.50%
Monthly Payment
$2,212
3-Year Total Savings
$5,399
Compared to full note rate
Year 1
4.50%
Monthly Payment
$1,773
Year 2
5.50%
Monthly Payment
$1,987
Year 3
6.50%
Monthly Payment
$2,212
3-Year Total Savings
$7,966
Compared to full note rate
Year 1
3.50%
Monthly Payment
$1,572
Year 2
4.50%
Monthly Payment
$1,773
Year 3
5.50%
Monthly Payment
$1,987
Year 4+
6.50%
Monthly Payment
$2,212
3-Year Total Savings
$15,653
Compared to full note rate
Disclaimer:
This calculator provides estimates for educational purposes only. Actual monthly payments may vary based on taxes, insurance, HOA fees, and other factors. Contact me for a personalized quote based on your specific situation.
Perfect for buyers who want immediate savings
Year 1
1% less than note rate
Two years of consistent payment relief
Year 1
1% less than note rate
Year 2
1% less than note rate
Aggressive first-year savings with gradual step-up
Year 1
2% less than note rate
Year 2
1% less than note rate
Maximum first-year savings with smooth transition
Year 1
3% less than note rate
Year 2
2% less than note rate
Year 3
1% less than note rate
Lower initial payments mean you can afford a higher-priced home while staying within your budget.
Free up monthly cash flow during the early years when you need it most for moving and settling in.
Make stronger offers in a competitive market with lower initial payment obligations.
Select from 1-0, 1-1, 2-1, or 3-2-1 buydown options based on your financial goals and timeline.
Pay the reduced rate for the agreed-upon period, freeing up budget for other priorities.
After the buydown period, your rate steps up to the note rate for the remainder of your loan term.
Contact me for a free consultation. I'll help you determine if a rate buydown is the right strategy for your unique situation. With my expertise in Las Vegas real estate financing, I can show you exactly how much you could save.
Schedule Free ConsultationYour interest rate steps up to the full note rate for the remaining term of your loan. Your monthly payment will increase accordingly.
Yes, you have the flexibility to refinance at any time if market conditions or your financial situation changes.
Typically, the seller or builder pays for the buydown as part of closing costs, though this can be negotiated based on your specific situation.
It depends on your financial goals and timeline. Our loan officers can help you evaluate whether a buydown makes sense for your situation.
Explore other mortgage programs and services we offer