First-year P&I
$2,295 with a 2-1 buydownCompliments of Brenda Wyatt | Wyatt Team
Close the Gap · a tool for real estate partners
Close the gap
between interest
and action.
As your content converts into conversations, and those conversations turn into potential clients, use this tool to close the gap between interest and action when the conversation turns to the numbers.
Close the Gap scenario tool
The numbers behind
confident action.
A simple resource for real estate partners guiding buyers from interest to a confident next step.
Estimated payment picture
Live estimateSee the full payment first.
Full note-rate payment
$2,854/ month6.75%note rate
First-year payment relief
$559 per month vs. note ratePayment schedule
P&I only| Period | Payment-equivalent rate | Est. payment | Difference |
|---|
Payment-equivalent rates illustrate the temporary subsidy; the loan’s note rate does not change. Qualifying and program rules vary.
Estimated buydown reserve
$10,136The estimated payment difference across the buydown period.
Credit after estimated closing costs
Estimated closing-cost shortfall after the entered credit.
The credit-after-closing-costs figure does not subtract the separate buydown reserve, include the down payment, or represent cash back. Confirm permitted credit uses, contribution limits, reserve funding, and whether the entered closing costs already include that reserve with Brenda.
A useful distinction
A credit and a buydown
do different jobs.
Both may be part of the same conversation, but they solve for different moments in a purchase.
01
Closing-cost credit
A lender or seller credit can reduce the cash you bring to closing. When a lender credit is tied to pricing, it may come with a higher rate than a no-credit option.
Ask: What rate is associated with this credit—and what does the full loan comparison look like?
02
Temporary buydown
A temporary buydown uses a defined subsidy to lower the borrower’s payment for a limited period. The note rate remains the long-term payment reference.
Ask: Will the payment at the note rate still be comfortable when the temporary period ends?
Compare actual Loan Estimates for the same loan type and terms. Program availability, contribution limits, and payment treatment differ by lender and loan program.
Brenda WyattBrenda The Lender
And here’s where I come in. I’ve created this tool for my real estate partners to help you turn those conversations into confident buyers. It’s one more way I support your business beyond the loan itself.