Price cut or seller credit?
The seller will give you money. Should it lower the price, cover your closing costs, or buy down your rate? It depends on how long you'll keep the loan. Enter your numbers and see every option side by side.
Your home
The seller's offer
Your plans
| Option | Rate | Cash to close | Monthly P&I | Extra cost |
|---|
Best choice by how long you keep the loan
Estimates only. "Extra cost" compares each option's cash to close, principal & interest payments, and the loan balance still owed at the end of the period, so every option is measured on the same home. Mortgage insurance, VA funding fee, and FHA premiums aren't included. Seller credits are limited by loan program and can't exceed your actual costs. Rates and points use today's sample pricing from our wholesale lender network for this scenario (30-year fixed, owner-occupied) and change daily. Your loan officer will confirm exact rates and points. Not a commitment to lend. Nichols Home Lending, NMLS #1660690. Equal Housing Lender.
A price cut lasts
It lowers your loan, your down payment, and every payment for as long as you have the loan, even after you refinance.
A seller credit saves cash now
It pays closing costs dollar for dollar, so you keep more money in the bank on day one. Great if cash is tight.
Points need time to pay off
Buying down your rate costs money up front. It only wins if you keep the loan past the break-even point and don't refinance first.
Paying for points yourself? See if it pays off: Should I buy down my rate? →