Beaufort Lending Buydown Calculator
| Year | Rate | Payment | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| 1 | — | — | — | — |
| 2 | — | — | — | — |
| 3 - 30 | — | — | — | — |
Buydown Total Cost: —
This is the total estimated cost that can be paid for by the buyer, seller, lender or third party.
How to Use Our 2-1 Buydown Calculator
Follow these steps to see how a temporary rate reduction could make your mortgage more affordable. Reach out anytime at 843-524-2404 if you have questions.
Step 1: Enter Your Loan Details
Input your loan amount, interest rate, and loan term. This gives the calculator the foundation it needs.
Step 2: Review Estimated Savings
See how your lower payments during the two-year buydown compare to your standard fixed payment once the rate resets.
Step 3: Understand the 2-1 Buydown
The rate is reduced by 2% in year one and 1% in year two. After that, your loan returns to its original fixed rate.
Step 4: Check Fees & Eligibility
- Buydown costs vary—often covered by sellers or builders.
- Not all loan programs allow buydowns.
- Additional restrictions may apply.
Important Notes
All figures are educational estimates. Actual payments will be higher once taxes, insurance, and other fees are included. This tool does not guarantee credit approval or serve as a loan offer.
For personalized numbers and guidance, connect with the Beaufort Lending Team today.