One seller concession. Three very different outcomes.

Temporary buydown: relief with an expiration date

A temporary buydown can reduce initial payments for a limited period through upfront funding. It does not erase the underlying long-term obligation. The CFPB cautions that later payments may be higher than the introductory payment and that buyers should compare financing with and without the feature. Budget against the full later payment without assuming a refinance will become available.

Discount points: pay now to change the note rate

Points generally mean paying more at closing for a lower interest rate on that loan. Their value depends on the lender's quote and how long you keep the mortgage. Ask for the cost of the points, the rate and payment with and without them, and the break-even period. A simple break-even estimate divides upfront cost by monthly savings, but it ignores taxes, investment alternatives, and a changing loan balance; let the lender show fuller scenarios.

Price cut: a different starting balance

A lower purchase price can reduce the amount financed if the down payment structure stays similar. It may also affect appraisal and future equity differently from a credit. But the seller may prefer a credit and the lender may impose limits on its use. Compare the contract's actual price, financing amount, closing costs, and cash reserves rather than treating equal headline dollars as equal benefits.

Ask the question that exposes the trade-off

Which choice makes the home affordable after the promotional period, with enough money left for repairs? A short expected ownership period and a long one can favor different options. Get side-by-side Loan Estimates or lender worksheets tied to this property. The best option is one that survives both the monthly-payment test and the cash-at-closing test.

Quick answer

Is a temporary buydown the same as permanently lowering my rate?

No. A temporary buydown changes early payments for a set period; discount points generally lower the note rate for the loan. Ask the lender to show the full payment schedule.