How best to utilize seller credit

[Daniel Jodrey]

Hello BP!

Im looking into a deal and if all goes well am hoping to get a sellers credit of 6% which would be roughly $36000. If all this were to pan out, we would plan to pay off closing costs which we estimate to be roughly $12,000 - then were thinking to use remaining $22,000 to buy down the rate to around 5.75%. I have floated the idea of buying down rate to around 6% which would leave about $5,000 that we could use towards repairs or any other prepaid expenses. I would love to hear opinions on all of this and if my thinking is sound. Any other ideas on how best to utilize the credit if were to be accepted. 

Thank you!