Agent Tool
Buyer Payment Impact
Down payment as
$260,000
Enter a rate you've been quoted
Loan term
If applicable — enter a quoted amount
Monthly savings from reduction
$158.06
$25,000 off the price
Less down payment needed
$5,000
At 20% down
| Original price | Reduced price | Difference | |
|---|---|---|---|
| Purchase price | $1,300,000 | $1,275,000 | −$25,000 |
| Down payment | $260,000 | $255,000 | −$5,000 |
| Loan amount | $1,040,000 | $1,020,000 | −$20,000 |
| Principal & interest | $6,919.15 | $6,786.09 | −$133.06 |
| Property taxes | $1,300.00 | $1,275.00 | −$25.00 |
| Insurance | $250.00 | $250.00 | $0.00 |
| Mortgage insurance | $0.00 | $0.00 | $0.00 |
| HOA | $0.00 | $0.00 | $0.00 |
| Total monthly payment | $8,469.15 | $8,311.09 | −$158.06 |
Interest rate adjustment
Direction
Change
At 6.75% the total payment would be $8,295.42 (−$173.73 per month).
| Rate change | Rate | P&I | Total payment | vs. current |
|---|---|---|---|---|
| −0.500% | 6.5% | $6,573.51 | $8,123.51 | −$345.64 |
| −0.250% | 6.75% | $6,745.42 | $8,295.42 | −$173.73 |
| −0.125% | 6.875% | $6,832.06 | $8,382.06 | −$87.09 |
| Current | 7% | $6,919.15 | $8,469.15 | $0.00 |
| +0.125% | 7.125% | $7,006.67 | $8,556.67 | +$87.53 |
| +0.250% | 7.25% | $7,094.63 | $8,644.63 | +$175.49 |
| +0.500% | 7.5% | $7,271.83 | $8,821.83 | +$352.68 |
All payment scenarios are estimates for educational purposes only. Actual interest rates, loan terms, temporary buydown availability, seller concessions, qualification requirements, and closing costs are subject to lender approval and applicable loan program guidelines. This is not a commitment to lend.
Educational estimate only. Results are not a Loan Estimate, rate lock, rate commitment, or guarantee of loan approval. Actual rates, payments, taxes, insurance, and program eligibility vary and are subject to underwriting. Contact Marc Chamberlain for a personalized quote.
Want these numbers built around you?
Marc will review your scenario and walk through options personally — no pressure.