Matches Glory Mortgage's official Buy-Down Calculator (v1.23) — same inputs, same formulas, same numbers I'd give you over the phone.
Loan Amount
$0
Total Down Payment
$0
Monthly P&I (Note Rate)
$0
Heads up: temporary buydowns aren't eligible on investment properties under Fannie Mae / Freddie Mac guidelines. The figures below are for reference only — this loan would need a different structure.
Reminder: Seller Contribution Caps
Buydown funds come out of the seller's allowable contribution — know the ceiling before you write the offer.
Conventional
3–9%
By down payment: 3% under 10% down, 6% at 10–24.9%, 9% at 25%+. Investment properties capped at 2%.
FHA
6%
Flat 6% of the lesser of sale price or appraised value, regardless of down payment.
VA
4%
4% cap applies to buydowns and certain concessions. Standard closing costs and discount points are separate and uncapped.
USDA
6%
Up to 6% of the sale price, and can't exceed the buyer's actual closing costs.
For estimation purposes only. Not a commitment to lend or a guarantee of terms. Contact Angie Wilmoth, NMLS# 2617463, Glory Mortgage, for a personalized quote.