Discover 579 Warsaw St, Bayou Vista, TX 77563! This canal-front home offers 4 bedrooms, 3 bathrooms, and 2,176 square feet, with flexible living spaces, outdoor entertaining areas, and peaceful water views just minutes from Galveston.
Based on a $419,900 purchase scenario, explore two FHA financing options with 3% down payment assistance and a 3% Closing Cost Contribution:
Lower monthly payment: A 2-1 buydown provides a 4.875% payment rate in Year 1, 5.875% in Year 2, and the 6.875% note rate beginning in Year 3 (7.217% APR). Worksheet savings are $526.58 monthly in Year 1 and $269.60 in Year 2, compared with this option’s full-rate payment. Estimated total buyer funds: $13,166.31.
Lower upfront funds: Without the buydown, the note rate is 6.875% (7.238% APR). The worksheet estimates a $586.94 refund at closing, resulting in estimated net total buyer funds of $3,612.06, including earnest money.





