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2-1 Buydown Calculator – Havenn Homes

Show clients exactly how a 2-1 temporary rate buydown reduces their payment in years one and two — and what it costs the seller or builder.

Home Price

Down Payment

$64,980 down · Loan: $259,920

Year 1 Rate

Year 1: 5.99% · Year 2: 6.99% · Year 3+: 7.99%

Loan Term

Annual Property Tax

Annual Insurance

Monthly HOA Fee

How the 2-1 Buydown Works

Havenn Homes deposits a lump sum into an escrow account that subsidizes the borrower's interest rate for the first two years. Year 1: your rate is 5.99%. Year 2: 6.99%. Year 3 through payoff: 7.99%.

Year 15.99%

$2,061.68/mo

Save $348.71/mo

Principal & Interest$1,556.68

Property Tax$91.67

Insurance$333.33

HOA$80.00

Year 26.99%

$2,232.51/mo

Save $177.88/mo

Principal & Interest$1,727.51

Property Tax$91.67

Insurance$333.33

HOA$80.00

Year 3+7.99%

$2,410.39/mo

Principal & Interest$1,905.39

Property Tax$91.67

Insurance$333.33

HOA$80.00

Buydown Cost Summary

Year 1 Savings (borrower)

$348.71/mo

$4,184.50 over 12 months

Year 2 Savings (borrower)

$177.88/mo

$2,134.56 over 12 months

Total Buydown Cost

$6,319.06

Havenn Homes deposit

* Estimates are for informational purposes only. Actual buydown costs and savings may vary. Not a loan commitment. Consult your loan officer for qualifying requirements.