Seller credit options: same home, four ways
Prepared by Kyle Perks
The Beauty of Mortgage Strategy
Same home, same credit. Compare a lower price, temporary payment help, a lower fixed rate, or more cash at closing.
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30-year fixed amortization
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*Estimated cash to close = down payment + the eligible closing costs entered − credit applied to those costs. It excludes any costs not entered above, earnest money, prorations and any funding gap shown. Seller credits cannot be used for the down payment and are not cash back. Figures are illustrations, not a loan offer or commitment to lend.
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Price: $425,000, Down: 10%, Seller credit: 9,000, Rate 6.875%, Taxes $520/mo. Nothing changes until you press Apply.Backup
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Presenter notes Private. Not printed.
Adapted from the reel transcript Kyle supplied. Every figure is recalculated from the numbers above.