RE Loan Question, 4% interest vs 5% with paid down payment

[David Slovak]

Hi,

I am currently in the process of purchasing my first home and have just completed some of the pre approval information.  I was given the option to choose a 4% down payment loan without help paying for closing costs vs. using a "Seth" program that has a 5% for the life of the loan and no down payment required, as well as help with closing costs.

I feel like the real winner would be the 5% interest with no down payment provided from my part.  I would pay for closing costs only and the down payment would be covered by that Seth program up to 4% I believe, the interest does bump up to 5% for the loan, however I do not have to live in the property and can sell/refinance after 6 months of holding the property.  Is it that obvious of a win?

Just want to make sure that I am making the right decision on the matter as this will be my very first RE purchase that I do intend to buy and hold.