How much must a seller pay to a buyer's lender to "buydown" the interest rate from $7\%$ to $5\mathrm{.}5\%$ for $5$ years on a

$30-$year, monthly payment FRM loan for $$530,000?$

Buydown Period

Loan Amount

Buydown amount $($$$)$ with PV function

Annual Interest Rate

Maturity $($in years$)$

Periods per year

Monthly Payment

Loan Amount

Annual Interest Rate

Maturity $($in years$)$

Periods per year

Monthly Payment

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