The seller will pay $up to $17,000 for a 2 -1 buydown. If that is an 8% rate final rate and 8.41% APR it would save you $930 a month the first year at 6% and $474 a month in year 2 at 7%. Rates are projected by Fannie Mae to be below 7% in 24 months. Click on the virtual tour and take a quick 3-D tour of this home. This home features a beautiful mother-in-law apt with a full kitchen, two finished bedrooms, a full bath, its own laundry, and an outside basement entrance. The home is located on Traverse Mountain and has just been updated up and down with some upscale finishes. Click on the virtual tour and take a quick 3-D tour of this home.