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Leaders offers different temporary buydown options for qualified buyers working in conjunction with your builder and agent. Please talk with us to see how we might be able to meet your specific needs! Below is an example of a 2/1 buydown.

2/1 Buydown Information

Year
1
2
2/1 Buydown Total Cost (typically paid by the builder)
Percentage of the Purchase Price
Interest Rate
5.99%
1
6.99%
2
2/1 Buydown Total Cost (typically paid by the builder)
Percentage of the Purchase Price
Monthly P&I (w/out buydown)
$2,671.28
1
$2,671.28
2
2/1 Buydown Total Cost (typically paid by the builder)
Percentage of the Purchase Price
Monthly P&I (w/buydown)
$2,168.91
1
$2,414.61
2
2/1 Buydown Total Cost (typically paid by the builder)
Percentage of the Purchase Price
Monthly Savings
$513.05
1
$261.71
2
2/1 Buydown Total Cost (typically paid by the builder)
Percentage of the Purchase Price
Annual Savings
$6,156.57
1
$3,140.54
2
$9,297.11
2/1 Buydown Total Cost (typically paid by the builder)
2.02%
Percentage of the Purchase Price

Loan Scenario

Purchase Price:
Down Payment:
LTV:
Loan Type:
Loan Amount:
Loan Term:
Full Interest Rate:
Monthly Payment:
Loan Scenario
$449,900
Purchase Price:
$67,584
Down Payment:
85%
LTV:
Conventional
Loan Type:
$382,415
Loan Amount:
30 years
Loan Term:
7.49%
Full Interest Rate:
$2,671.28
Monthly Payment:

After the end of the buydown period, the interest rate will go the full interest rate of 7.49%. The principal and interest payment starting after the buydown will be $2671.28.

Your Mortgage Champion

Ross Priddy

Ross Priddy

Mortgage Champion

NMLS# 1123578

731.217.3449

1490 Union University Dr. | Jackson Apply with Ross
Request a Callback

Complete this short form and one of our Mortgage Champions will reach back out with more information about our temporary buydown options.

Launch Calculator

If you'd like to run your own scenarios, feel free launch buydown calculator now. 

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Launch Calculator

If you'd like to run your own scenarios, feel free launch buydown calculator now. 

Disclosures

1. - The APR for the full interest rate on this scenario is 7.753% and includes 1 discount points as determined on 11/13/2023.

2. - This is the principal and interest (P & I) payment based on the full interest rate without the buydown applied.

This loan scenario is based on a 760 credit score. This is not a commitment to lend nor a preapproval. The rate and payments
on this form are not guaranteed and are estimates. This quote does not include any closing costs associated with the closing of a mortgage loan with Leaders Credit Union. To get an official loan estimate, rate, payments, and terms please talk with our Mortgage Champions to start the application process. They will be happy to help!

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Leaders Credit Union, is an Equal Housing Lender. NMLS# 402804. This is not an offer for extension of credit or a commitment
to lend. Leaders Credit Union, PO, Box 10008, Jackson, TN 38308.