Home › Forums › Housing › What is the advantage of buying down your interest rate? › 200k loan @ 4.75% for 30
200k loan @ 4.75% for 30 years = $1043/month payment 200k loan @ 4.25$ for 30 years = $983/month payment
Over 30 years, it’ll cost you $21,600 more to go w/ the 4.75%.
