Solve for when the loan is 7% and 5.5% 6. How much must a seller pay to a buyer's lender to "buydown" the interest rate from 7% to 5.5% for 5 years on a 30-year, monthly payment FRM loan for $350,000?
Buydown Period (years)
7% Loan
Loan Amount					Buydown amount ($) with PV function
Annual Interest Rate
Maturity (in years)
Periods per year
Monthly Payment
5.5% Loan
Loan Amount
Annual Interest Rate
Maturity (in years)
Periods per year
Monthly Payment