Buy-Down

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" Many homebuyers today are losing sleep over steeply rising interest rates, which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the __% range, these higher rates are adding hundreds, or even thousands, to the monthly housing costs of new buyers. Yet buyers who feel trapped into paying high interest should know that there is a way to lower that rate with a mortgage rate buy-down.
  True to its name, a mortgage rate buy-down is where money is paid upfront to buy down the interest rate on the loan for a certain period of time. This, in turn, can reduce the buyer’s monthly mortgage payments—at least temporarily—so the buyer can ease into the housing costs. Best of all? Buyers don’t pay for buy-downs. Rather, home sellers, builders, and sometimes even lenders front the costs in order to entice cash-strapped buyers to the closing table.
  While homebuyers might be happy to hear that there’s a free end run around high rates, they might also wonder: Is there a … guide to mortgage rate buy-downs, the pros and cons, and how to decide if getting one is right for you. "

  There is an equation to facilitate such a decision; to follow.

BEST!
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source: to follow