Bend, Oregon Mortgage Calculator
Enter the amount you’d be financing and your interest rate to see your monthly payment. Add a seller credit to see what a rate buydown would do to that payment.
Run the NumbersYour estimate
Monthly payment (principal and interest)
$0
Total interest over the loan: $0
Does not include property taxes, homeowners insurance, HOA dues, or mortgage insurance. These vary from home to home, so they’re not estimated here.
With your seller credit
This is an estimate for principal and interest only. It does not include property taxes, insurance, HOA dues, or mortgage insurance, and it is not a loan offer. Your lender’s loan estimate is the official number.
Selling first? See what you'd walk away with using the net proceeds calculator.
What “buying down the rate” actually means
A rate buydown uses money paid up front to lower your mortgage payment. The money can come from you, from the seller as a credit, or from a builder. You pay it at closing, and in return your payment is lower.
Permanent
Lower rate for the whole loan
The money buys discount points. Each point costs 1% of the loan and typically lowers your rate about 0.25%. The lower rate stays until you sell or refinance.
Temporary 2-1
Lower payment for two years
Your rate is 2 points lower in year one and 1 point lower in year two, then it goes to the full rate. This is the most common version right now. It cuts your payment during your first years in the home.
Temporary 1-0
Lower payment for one year
Your rate is 1 point lower in year one, then it goes to the full rate. It costs less than a 2-1 and gives you a smaller break.
Why sellers are offering this right now
With rates where they are, a seller credit can lower a buyer’s payment more than a small price cut would. The credit goes to your loan rather than the home’s sale price, so it’s often an easier way for a seller to help a buyer close the gap. Credit limits depend on your loan type, so your lender confirms how much a seller can contribute.
Mortgage and rate buydown questions, answered
How much does a seller credit lower my mortgage rate in Bend?
Each discount point costs 1% of the loan and usually lowers the rate by about 0.25%, though lender pricing changes day to day. On a $600,000 loan, a $20,000 credit buys roughly 3.3 points, which might lower the rate by about 0.8%. Your lender gives you the exact numbers.
What is the difference between a permanent and a temporary rate buydown?
A permanent buydown lowers your rate for the life of the loan. A temporary buydown, such as a 2-1, lowers your payment for the first one to two years, then your payment returns to the full amount. Temporary buydowns are popular right now because they cut your payment during the years you are settling in.
Can the seller pay for a rate buydown?
Yes. Sellers can contribute toward your closing costs and buydown, but every loan type caps how much a seller can contribute, and those caps depend on your loan program and down payment. Your lender confirms the limit before we write the offer.
Is the monthly payment on this calculator my full payment?
No. The calculator shows principal and interest only. Property taxes, homeowners insurance, HOA dues, and mortgage insurance (if your down payment is under 20%) are extra. Your lender’s loan estimate shows the full number.
Should I use a seller credit to buy down the rate or to cover closing costs?
It depends on how long you plan to keep the loan. Divide the cost of the buydown by the monthly savings to see roughly how many months it takes to pay back. If you expect to sell or refinance within a few years, a temporary buydown or a credit toward closing costs often makes more sense. I’m a real estate broker, not a lender, so run your numbers with your loan officer too.
Ready to see what this means for a home?
Get a lender quote first, then bring me the numbers. I’ll show you which Bend homes fit your payment and what the seller’s credit can realistically do.