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Mortgage Payment Calculator

Mortgage Payments With Temporary Buydowns

Who This Calculator is For: Borrowers who want an amortization schedule that shows
the lower monthly payments in the early years from setting up a buydown account,
and the amount that must be deposited in the account.

What This Calculator Does: The calculator displays the amortization schedule,
including withdrawals from the buydown account, and the amount that must be
deposited in the buydown account with and without interest.

Enter Loan Information
  Loan Amount (e.g. 100000)
  Interest Rate  (e.g. 7.50)
  Loan Term, in Months  (e.g. 360)
  Loan Amortization Schedule to Start in:
Enter Loan Rate Reduction & Period
  Reduction in
Loan Rate		 Period of Reduction
(in months)
  First Reduction in Loan Rate  (e.g. 3) 
  Second Reduction in Loan Rate  (e.g. 2.5) 
  Third Reduction in Loan Rate  (e.g. 2) 
  Fourth Reduction in Loan Rate  (e.g. 1.5) 
  Fifth Reduction in Loan Rate  (e.g. 1) 
  Sixth Reduction in Loan Rate  (e.g. 0.5) 
  Payments Are Computed On:   Original Loan Balance   Unpaid Loan Balance
  Interest Rate, if any, Paid on the Buydown Account:

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS OR MINUS SIGNS ( + / - )
OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES
 

Read What the Mortgage Professor Says About Temporary Buydowns