That would be break even using the banker's formula, so it doesn't affect your DTI at all.

They should be able to assist you with properly framing the questions so as to get the banker to understand what you need. 

Talk to some local agents and find out who the trusted mortgage banker is.

Internet Lenders generally take it a a quarter to half a point short, compared to brick and mortar mortgage brokers, and mortgage bankers generally don't take it short unless their is a past relationship and the leeway from the bank is their. 

If you chose to peruse this deal I suggest you talk with some local bankers and figure out what they will do for you.

Hey Jason the original banker we dealt with was what out of NorthVale and since moved on.

A few thoughts:- many lenders will have a limit on the amount that a seller can give as cash back to the buyer- I'm a commercial mortgage banker and know almost notjjng about residential mortgages, but it sounds like you're looking for a commercial loan.

I met with the banker today.

I also just heard that Arvest Bank (Eric) is good as well but I have not tried them personally.

If not, then I would talk with your banker about it.