illustration of african american family in front of their new house

2/1 Buydown

What is it?

A two one buydown is a type of seller concession that lowers the calculated monthly payment 2% below the note rate for the first year and 1% below the note rate for the second year. Lowering your monthly payments for the first two years of your loan! In the third year, the payment is calculated based on the original note rate for the remainder of the loan.

Year 1

Save 2%

Year 2

Save 1%

Year 3+

Fixed Rate