Buydown Calculator

Explore savings on mortgage payments with our Buydown Calculator. It shows cash needed for reduced payments in WA, CA, OR, ID, and CO. Easy to use, it offers clear insights for homebuyers. Simply input your numbers and choose options to understand potential savings and upfront costs.

Buydown
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Payment breakdown
Amortization schedule
Payment breakdown

The total buydown fee for this loan is

See your lower monthly payment for the first years of the loan.

Select year:
/for year 1
Monthly Payment
Interest Rate
Monthly Savings
Principal and Interest
Taxes
HOA
Buydown Contribution
Insurance
Amortization schedule

Over years you'll pay and this is based on an estimated monthly payment of .

Your total principal payment is and your total interest payment is .

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Whether you’re buying a home or ready to refinance, our professionals can help.

Rate quote isn’t what you expected?

If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 30 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO and CA. If you’re looking to buy a home in one of these states, we can help!

Our Reviews

James W.
June 12, 2024
From the beginning through the end of the mortgage securing process, the Sammamish Mortgage TEAM kept focused on and kept me focused on, the processes needed to get us over the finish line! Thank you very much!
Ishan
June 9, 2024
Sammamish mortgage has amazing customer service. We worked with Trevor and Priscilla, and they responded to all our queries super quick.
Kevin K.
June 8, 2024
The experience was great start to finish. We were kept up to speed throughout the whole process.
Preston Dunn
June 6, 2024
Excellent customer service with competitive rates! Honest, easy, professional.
Mike Black
June 5, 2024
I worked with Ryan and Barb. I liked Ryans straightforward way of explaining things with pros/cons. Didnt feel like he was just trying to close a sale. Barb sends out auto-update texts reminding you to complete paperwork on the portal which is very helpful as closing moves super quick and not signing documents for even just a day can be detrimental to closing on time. This is a busy office so if you need to be hassled to get your documents in to close on a home on a short time frame then Im not sure if this lender is for you. They give you more than enough information to complete the process but I get the feeling theyre too busy to hold someones hand through the process. You may need to remind them to complete a task during the process but theyll get back to you right away and complete the task once reminded. If youre good at staying on top of the process, I highly recommend. And of course the most important part.. Theyre very competitive.
David Romanelli
June 4, 2024
We had an excellent experience working with Sammamish Mortgage during our home loan process. Ryan and the team were incredibly knowledgeable and provided personalized service that made the entire process succinct and easy. They answered all our questions with patience and clarity, ensuring we understood each step. I highly recommend Sammamish Mortgage for anyone looking for a smooth and stress-free lending experience!
Travis F.
May 31, 2024
We had a great experience with Sammammish Mortgage. Ryan and his team were extremely helpful in answering our questions and giving us the best set of options for our mortgage loan. I also appreciated how quick they worked at every stage of the home buying process. I highly recommend Sammammish to anyone looking to buy a home.

FAQ

How can Sammamish Mortgage offer such low rates and fees?

Since 1992 Sammamish Mortgage has offered excellent service at very competitive rates and fees. Over this time, our proven track record and quality loans have helped us build exceptional relationships with the lenders that provide you with home loans. These relationships have been built on trust, integrity, and most of all, exceptional business practices. Our long standing business partnerships allow us the ability to offer unrivaled pricing on home mortgages. This pricing, in addition to utilizing top of the line technology and low overhead, enables us to pass the savings on to you, our clients.

We do not have a large team of loan officers. Instead we have a small team of highly experienced and trained professionals to handle your home loans.

When you show no points, does that also mean no origination fees and/or mortgage broker fees?

Yes. At Sammamish Mortgage you will find that anytime we offer or advertise no points, it assumes no origination fees. Many banks, credit unions and mortgage companies will advertise and offer no point loans on their website only to disclose later in the loan process or in fine print that there is a minimum 1% origination fee added to the loan. We feel that this is a deceptive practice and although it is legal, we feel strongly that it should not be allowed.

Do you guarantee your closing costs?

Yes. At the time of your pre-approval, we can guarantee all lender and 3rd party costs associated with your loan. Your costs may change if there is a valid change in circumstance such as a lower than expected appraised value, or if you decide to change your loan amount as your loan to value is a key factor in pricing your loan. Your loan specialist can go over all the different scenarios with you if you are unsure of your value on a refinance. We rarely have issues with the value on a purchase.

Who would benefit from choosing a loan with no points vs. paying points and/or origination fees?

Choosing a loan with 0 points/origination fees generally benefits the borrower for the first 4 to 7 years of the loan. This is because you exchange lower up front closing costs for a slightly higher interest rate and monthly payment. This is a great option for people that do not have excess liquid cash or emergency funds and people that are not sure how long they are planning on keeping the loan. Since most people either refinance or sell their home every 3 to 5 years, this plan can be of great value. When determining whether a no point, no origination fee and/or no mortgage broker fee loan would work for you, you have to carefully consider the following:

• How long you plan on staying in the property?

• Do you think that you might refinance in the near future?

• Do you have enough emergency funds saved to warrant paying higher up front costs?

If you are uncertain as to which is best for you, one of our loan specialists can assist you in making the decision that best suits your needs.

What are the main factors that can affect my interest rate?

There are several key points that can affect your rate. Below is a detailed breakdown of some attributing factors that may apply:

• Credit Score: Your credit score is one of the most important factors that will determine your rate.
• Loan to Value: Your down payment in a purchase transaction or your equity in a refinance transaction also plays a key role in determining your rate. The lower your loan to value (LTV), the better your rate may be.
• Rate/term refinance vs. Cash out refinance: A rate/term refinance has a loan amount that is just enough to repay the balance of your existing mortgage. You may include all third party fees, taxes, insurance and interest into the loan amount. A cash-out refinance, on the other hand, has a loan amount that exceeds your current mortgage balance.
• Purchase vs. Refinance: There are times when lenders offer purchase specials, which allow us to offer even lower rates than we already do.
• Property type: Often times there can be pricing adjustments for condos and multi-family properties.
• Escrow Reserve: Paying your property taxes and homeowners insurance on your own rather than having them included in your house payment may cost you an additional fee. Most lenders charge a onetime fee for the impound waiver.

• Loan amount: Your loan amount can affect your pricing. If you have a large loan amount (over $417,000) there will be pricing adjustments. If your loan amount is low, there can also be pricing adjustments generally starting at $165,000 and lower.

• Subordinate financing: Having a second mortgage or Home Equity Line of Credit tied to the property can impact the terms of the first mortgage even if no money is owed on the equity line. The line is still considered a lien against your property and impacts your Combined Loan to Value.

What can cause my loan to be considered a cash-out refinance?

The obvious trigger for a cash-out refinance is borrowing more than your existing loan balance; however, consolidating debt that was not obtained as part of the original purchase is also considered a cash-out refinance. This includes second mortgages or Home Equity Line of Credits opened after you purchased the property.

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