Financing
A Smarter Beginning. A Beautiful Place to Call Home.
Discover how a preferred lender's 3-2-1 temporary rate buydown may make your first years of homeownership more approachable.
The Program
3-2-1 Temporary Rate Buydown
Through a seller-funded 3-2-1 temporary rate buydown, eligible purchasers may benefit from reduced effective mortgage payments during the first three years of their loan. The seller funds an upfront subsidy that temporarily reduces the amount of principal and interest paid by the borrower.
After the third year, the borrower's payment returns to the full underlying fixed note-rate amount for the remaining term of the loan. This structure provides an opportunity for lower initial monthly payments while maintaining the predictability of a fixed-rate mortgage.
Interactive Calculator
Estimate Your Savings.
Adjust the purchase price and down payment to see how the buydown may lower your monthly payments.
| Period | Rate | Monthly P&I | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| Year 1 | 4.50% | $4,053 | $1,540 | $18,483 |
| Year 2 | 5.50% | $4,542 | $1,051 | $12,617 |
| Year 3 | 6.50% | $5,057 | $537 | $6,446 |
| Years 4–30 | 7.50% | $5,594 | — | — |
The Lender's Example
Illustrative Scenario
Based on the preferred lender's supplied example: a $1,000,000 purchase, $200,000 down, $800,000 loan, 30-year term, illustrative credit score 779.
| Period | Rate | Monthly P&I | Monthly Savings |
|---|---|---|---|
| Year 1 | 4.50% | $4,053.48 | $1,540.24 |
| Year 2 | 5.50% | $4,542.31 | $1,051.41 |
| Year 3 | 6.50% | $5,056.54 | $537.18 |
| Years 4–30 | 7.50% | $5,593.72 | $0 |
Preferred Lender
Bobby Noto
Mortgage Banker · Total Mortgage
- Individual NMLS
- 2642635
- Company NMLS
- 2619104
- Phone
- 617-699-6032
- rnoto@totalmortgage.com
476 Quincy Avenue, 1st Floor, Braintree, MA 02184
Disclosures
Mortgage calculations are illustrative estimates only and are not a commitment to lend. Principal and interest payments exclude property taxes, homeowners insurance, condominium association fees, mortgage insurance, and other costs. Rates, APR, program availability, eligibility, seller concessions, and loan terms are subject to lender approval and may change. Contact the preferred lender for current financing terms and qualification requirements.
Equal Housing Lender. Total Mortgage Company, NMLS #2619104. All loans subject to credit approval.
Have Questions?