“Special financing” is difficult to evaluate without seeing the payment. MyMortgageLens turns the builder’s rate or temporary buydown into a side-by-side housing-cost comparison.
Run Your Comparison →A lower mortgage rate can sometimes change the monthly payment more than a modest reduction in purchase price. That does not automatically make the incentive better. Compare both the payment and the price you are paying for the home.
Some builder offers are temporary buydowns; others may involve a permanent rate incentive subject to lender, property and buyer qualifications. Enter the structure actually being offered and verify the terms with the lender.
Property taxes, homeowners insurance, HOA dues and mortgage insurance can materially change the result. A useful comparison includes those costs instead of comparing principal and interest alone.