The Motorcycle Mortgage Guy

Seller Concession Strategy Calculator

Compare three ways seller funds could affect a buyer's mortgage.

For illustration only. Not a rate quote or rate lock. APR is not calculated. P&I only unless otherwise stated. Final eligibility and loan terms must be confirmed by the lender.

1. Loan Scenario

Purchase price

Down payment

Estimated note rate (%)

Loan term

Seller credit available

Loan type

Property use

Base loan amount—

Regular monthly P&I—

Seller credit—

Base-loan P&I only. FHA upfront mortgage insurance, VA funding fee, USDA guarantee fee, taxes, insurance, HOA dues and mortgage insurance are not included.

2. Program Check

Illustrated maximum—

Illustrated dollar amount—

Entered seller credit—

—

This check uses the seller-contribution chart supplied for this calculator. Actual allowable contributions depend on program requirements and eligible cost classification. VA concessions require additional classification review.

3. Temporary Buydown

Total buydown cost—

Seller credit remaining—

Credit covers buydown?—

Temporary buydown eligibility and contribution classification: REVIEW WITH LOAN OFFICER.

4. Permanent Buydown

Target permanent rate (%)

Actual lender cost to obtain rate

Permanent P&I—

Monthly savings—

Credit remaining—

—

Enter the actual lender cost. This calculator does not estimate discount-point pricing or APR.

5. Price Reduction

Reduced price—

Reduced loan amount—

New P&I—

Monthly P&I savings: —

Assumption: the entered seller-credit amount is applied dollar-for-dollar as a price reduction and the down-payment percentage remains unchanged.

6. Side-by-Side Comparison

Temporary buydown • Year 1 savings—

Permanent buydown • Monthly savings—

Price reduction • Monthly savings—

These figures illustrate different measurements and are not a recommendation that one strategy is better than another.

Run This Scenario by Ryan

Need an exact scenario? Call or text Ryan Liszeski.

Call 330-651-2149 Text Ryan

EQUAL HOUSING OPPORTUNITY

Ryan Liszeski • NMLS #1461217
Highland Mortgage • DBA Boxcar Mortgage • Company NMLS #1969375
330-651-2149 • ryan.liszeski@highlandmtg.com • 2wheelsnhomedeals.com

This is not a commitment to lend or lending advice. All loans are subject to borrower qualification, including credit approval, income, and property evaluation. Interest rates, loan terms, and program availability are subject to change without notice. Refinancing may increase total finance charges over the life of the loan, and reduced payments may reflect a longer term. Points and fees may apply. Any advertised lender credit is available only to borrowers who obtain financing through the lender associated with this advertisement, is non-transferable, limited to allowable closing costs, and subject to underwriting approval and loan closing.

For illustration only. Not a rate quote or rate lock. APR is not calculated. P&I only unless otherwise stated. Final eligibility and loan terms must be confirmed by the lender.