Buyer – Closing on my house next week, I have a sellers credit of 6k, buy points or lower the house price?

The backstory is I have $6,000 in sellers credit left to use. I have already had the closing cost paid for, and after that I have 6,000 left. The house cost 395k and I am putting 20% down. My lender has given me 2 options.

Option 1: With the 6k sellers credit remaining, buy points to bring my interest rate from 5.875% to 5.375%. This would lower my payments 100 dollars less a month.

Option 2: Lower the selling price of the house from 395k to 389k and keep the 5.875%. This would lower my payment 29 dollars less a month.

I plan to live in the house 5 to 10 years. What would you do?

submitted by /u/Soft_Show9790
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The backstory is I have $6,000 in sellers credit left to use. I have already had the closing cost paid for, and after that I have 6,000 left. The house cost 395k and I am putting 20% down. My lender has given me 2 options. Option 1: With the 6k sellers credit remaining, buy points to bring my interest rate from 5.875% to 5.375%. This would lower my payments 100 dollars less a month. Option 2: Lower the selling price of the house from 395k to 389k and keep the 5.875%. This would lower my payment 29 dollars less a month. I plan to live in the house 5 to 10 years. What would you do? submitted by /u/Soft_Show9790 [link] [comments]

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