Should I buy down the rate and lower closing costs on a new construction subdivisio

[Chris Igard]

Hey folks I’m going to live in this home for a year or so then turn it into a rental. Financing rate is the smartest one to choose if I want to continue to purchase nhomes down the road. Pic 1 is the interest rate paying 10 percent down and the lender giving us 6 percent in closing cost coverage. Pic 2 has us paying 5 percent down, in that instance the lender will only cover 3 percent of the closing costs. The third pic is ten percent down with us us buying the rate down to 4.5 percent. The home is $203k my thoughts are that I should pocket the approximately $7k and save it for another house down the road. It would take 6.5 years for the savings to catch up. Just wondering what the smart choice would be for smart businessman. Thanks in advance. I should be able to rent the property for  $2400-2700 when I move.