client
Joe***
Buy Down Mortgage Calculator
service
Calculator Development
industry
Mortgage
from
USA
date
2024
Challenge
It’s was challenging to derive the formula of this calculator. As the client was unable to brief about calculation formulas. How the 1-0 Buydown, 1-1 Buydown, 2-1 Buydown, 3-2-1 Buydown values is calculated and also how the concession required and llpa adjustment to pricing is calculated.
Live Example 👇
$
$
Years
%
%
$
Estimated Monthly Instalment
855,900
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Contact Now1-0 BUY DOWN
| Buydown Rate | Note Rate Payment | Buydown Payment | Monthly Savings | # of Payments | Annual Savings / Buydown Cost | |
|---|---|---|---|---|---|---|
| Year 1 | ||||||
| 1-0 Buydown Total Cost | ||||||
| Concession Required (Based on Purchase Price) | ||||||
| LLPA Adjustment to Pricing | ||||||
1-1 BUY DOWN
| Buydown Rate | Note Rate Payment | Buydown Payment | Monthly Savings | # of Payments | Annual Savings / Buydown Cost | |
|---|---|---|---|---|---|---|
| Year 1 | ||||||
| Year 2 | ||||||
| 1-1 Buydown Total Cost | ||||||
| Concession Required (Based on Purchase Price) | ||||||
| LLPA Adjustment to Pricing | ||||||
2-1 BUY DOWN
| Buydown Rate | Note Rate Payment | Buydown Payment | Monthly Savings | # of Payments | Annual Savings / Buydown Cost | |
|---|---|---|---|---|---|---|
| Year 1 | ||||||
| Year 2 | ||||||
| 2-1 Buydown Total Cost | ||||||
| Concession Required (Based on Purchase Price) | ||||||
| LLPA Adjustment to Pricing | ||||||
3-2-1 BUY DOWN
| Buydown Rate | Note Rate Payment | Buydown Payment | Monthly Savings | # of Payments | Annual Savings / Buydown Cost | |
|---|---|---|---|---|---|---|
| Year 1 | ||||||
| Year 2 | ||||||
| Year 3 | ||||||
| 3-2-1 Buydown Total Cost | ||||||
| Concession Required (Based on Purchase Price) | ||||||
| LLPA Adjustment to Pricing | ||||||
Feedback
— Joe***
“Exception experience! Very polite, communicative, and did a great job with our calculator buildout.”
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