Not a teaser that resets in year three. A seller-funded permanent buydown, held for the life of the loan, at a moment when the market is asking 7.28%.
| On a $875,000 home | At 7.28% | At 4.99% | You keep |
|---|---|---|---|
| Every month | $5,878 | $4,607 | $1,271 |
| Every year | $70,541 | $55,282 | $15,259 |
| Over five years | $352,705 | $276,412 | $76,294 |
| Over thirty years | $2,116,231 | $1,658,470 | $457,761 |
Principal and interest only; excludes mortgage insurance, taxes, insurance and HOA. Based on 413 Annie Drive at $875,000. Market rate is the Freddie Mac Primary Mortgage Market Survey 30-year fixed average for the week ending 1 October 2026. The 4.99% program applies to market-rate homes and does not apply to Jardin below-market-rate residences.
A 2-1 or 3-2-1 buydown lowers the payment for two or three years, then jumps to the note rate — and buyers who qualified on the teaser feel it later. Hillcrest’s buydown is bought down once, permanently. The payment on day one is the payment in year twenty.
Up to 6% of the purchase price, applied to closing costs, prepaids, discount points, or the buydown itself. Under FHA rules it cannot be applied to the down payment. On an $875,000 home that is up to $52,500.
The FHA minimum is 3.5% — $30,625 on an $875,000 home. The upfront mortgage insurance premium is financed into the loan rather than paid at closing, which is why the quoted payment is calculated on slightly more than the purchase price less your deposit.
Principal and interest at 4.99% against the same loan at today’s 7.28%, so you can see the difference at whatever number you are working with.
| Purchase price | 3.5% down | At 4.99% | At 7.28% | You keep |
|---|---|---|---|---|
| $850,000 | $29,750 | $4,475 | $5,710 | $1,235 |
| $875,000 | $30,625 | $4,607 | $5,878 | $1,271 |
| $900,000 | $31,500 | $4,738 | $6,046 | $1,308 |
| $925,000 | $32,375 | $4,870 | $6,214 | $1,344 |
| $950,000 | $33,250 | $5,002 | $6,382 | $1,380 |
| $975,000 | $34,125 | $5,133 | $6,550 | $1,417 |
| $1,000,000 | $35,000 | $5,265 | $6,718 | $1,453 |
Principal and interest only, on a 30-year FHA loan with the upfront mortgage insurance premium financed. Excludes annual mortgage insurance, property taxes, homeowners insurance and HOA dues, so the total monthly obligation will be higher. Subject to borrower qualification, underwriting and credit approval; not a commitment to lend.
Ask for your actual numbers