Discover this 3-bedroom, 2.5-bath farmhouse offering 2,277 sq. ft. on 2.5 acres in Hill Creek, Montgomery. At a scenario purchase price of $725,000, explore $21,750 in Down Payment Assistance (3%) plus $21,750 in Closing Cost Contribution (3%), subject to eligibility and seller agreement.
Option 1 — Lower Initial Payments: A 2-1 buydown offers estimated principal-and-interest savings of $900.22 per month in Year 1 and $460.12 per month in Year 2. Payment-equivalent rates are 5.375% and 6.375%, followed by the 7.375% note rate; estimated APR is 7.521%. Estimated total out-of-pocket funds: $27,614.16, including the $7,250 earnest-money deposit (1%) and $20,364.16 needed at closing.
Option 2 — Lower Cash Needed: Without the buydown, the note rate is 7.375%, with an estimated 7.538% APR. Estimated total out-of-pocket funds: $11,290.03, including the $7,250 earnest-money deposit (1%) and $4,040.03 needed at closing.
