Important Information About Rates and Payments
The rates, payments, and results prepared by the interest rate buydown finance calculator are hypothetical and provided for illustrative purposes only. The provided values for interest rates do not reflect currently available interest rates. All payment examples do not include taxes and insurance and are estimates only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
For To-Be-Builts, the interest rate displayed is based on preferred lenders’ daily rate minus 1%. Rates are subject to change without notice and may vary depending on borrower qualifications. Actual rates may differ based on credit score, loan amount, loan type, and other factors. The displayed rate is based on a credit score of 720. Your rate may vary if your actual credit score is different.
Example Payment Scenario
Payment example: If you bought a $531,250 home in Florida with a 20% down payment, with a 720 middle FICO score, for a loan amount of $425,000, with a 30-year term at a fixed rate of 6.25%, you would make 360 payments of $2,617. The payment stated does not include taxes and insurance, which will result in a higher payment.
Buydown Payment Responsibility
Builder, seller, borrower or third-party can pay for buydowns. Please reverify the buydown costs prior to closing.
Consultation
For more information, please consult your mortgage loan originator.
4.99% Rate Example
The rates, payments, and results prepared by the interest rate buydown finance calculator are hypothetical and provided for illustrative purposes only. The provided values for interest rates do not reflect currently available interest rates. All payment examples do not include taxes and insurance and are estimates only. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.
Payment example: If you bought a $531,250 home in Florida with a 20% down payment, with a 720 middle FICO score, for a loan amount of $425,000, with a 30-year term at a fixed rate of 4.99%, APR of 5.705%, you would make 360 payments of $2,278.90. The payment stated does not include taxes and insurance, which will result in a higher payment.
4.99% rate is based on a builder paid forward commitment to buydown the market rate. The forward commitment is offered on government loans for primary residences only and is subject to availability of funds, which is confirmed with a full loan approval and rate lock-in. Offer valid for select homesites, see your builder representative for further details on expiration terms and available homesites. All products are subject to credit and property approval. Programs, rates, program terms and conditions are subject to change without notice. Not all products are available in all states or for all amounts. The displayed rate is based on a credit score of 720. Your rate may vary if your actual credit score is different. This is not a commitment to lend. Other restrictions and limitations apply.
Buydown Payment Responsibility
Builder, seller, borrower or third-party can pay for buydowns. Please reverify the buydown costs prior to closing.
Consultation
Availability may vary by location, community or home and is subject to change. Intended for educational purposes only. For more information, please consult your mortgage loan originator.