Enjoy space to spread out in this 5-bedroom, 3-bath home with 2,695 sq. ft., a pool and spa in Forest Village, Spring. At a scenario purchase price of $387,500, explore $11,625 in Down Payment Assistance (3%) plus $11,625 in Closing Cost Contribution (3%), subject to eligibility and seller agreement.
Option 1 — Lower Initial Payments: A 2-1 buydown offers estimated P&I savings of $485.95 per month in Year 1 and $248.80 per month in Year 2. Payment-equivalent rates are 4.875% and 5.875%, followed by the 6.875% note rate; estimated APR is 7.223%. Estimated total out-of-pocket funds: $11,813.41, including the $3,875 earnest-money deposit (1%) and $7,938.41 needed at closing.
Option 2 — Lower Overall Cash Outlay: Without the buydown, the note rate is 6.875%, with an estimated 7.245% APR. The worksheet estimates a refund of $878.63 at closing. After accounting for the $3,875 earnest-money deposit (1%), estimated net out-of-pocket funds are $2,996.37. Any refund remains subject to final settlement and program rules.



