10/30/2026
Most buyers ask the seller to come down on price. Ask for closing costs instead.
Here is the thinking. A price cut shaves a little off your loan. That same money moved into closing costs can cover your costs and then buy your rate down, and the rate is what sets your payment for as long as you keep the loan.
There are limits, and they depend on your loan type and how much you are putting down. Swipe through for the actual numbers.
Two catches worth knowing. Concessions cannot exceed your real closing costs, and they cannot go toward your down payment or come back to you as cash.
Run the offer both ways before you write it. Call me and we will do that with your lender on the line, because they are the one who can price the buydown.