Conventional5% down · 7.03% rate
- Purchase price
- $725,000
- Down payment (5%)
- $36,250
- Loan amount
- $688,750
- Principal & interest
- $4,596
- Mortgage insurance
- $287
- Property taxes
- $255
- Homeowners insurance
- $124
EST. MONTHLY PAYMENT$5,262
Home highlights
Photos: Canopy MLS listing
- Main-level primary suite: big walk-in closet, updated bath
- Gourmet kitchen: granite, walk-in pantry, stainless
- Great room + living room + dining room
- Walk-out basement: den, full bath, laundry
- Upstairs: 3 bedrooms, loft + walk-out attic storage
- Screened porch, pergola, gazebo + new paver patio
- Park-like 0.62 acre: garden, firepit, shed
- No HOA · side drive, potential boat/RV parking
- Schools: Bailey MS · William Amos Hough HS
Listed by Summer Tabor · Ivester Jackson Christie's · 704-502-2352 · lakenormansummer@aol.com
Estimated payment options
Three ways to buy this home at $725,000. Estimates only. Your numbers depend on your credit and program.
FHA26% down · 7.25% rate
- Purchase price
- $725,000
- Down payment (26%)
- $188,500
- Loan amount
- $545,889
- Principal & interest
- $3,724
- Mortgage insurance
- $224
- Property taxes
- $255
- Homeowners insurance
- $124
EST. MONTHLY PAYMENT$4,327
VA0% down · 7.25% rate
- Purchase price
- $725,000
- Down payment (0%)
- $0
- Loan amount
- $740,588
- Principal & interest
- $5,052
- Property taxes
- $255
- Homeowners insurance
- $124
VA loans are available only to eligible veterans, active-duty service members, and qualifying surviving spouses. Certificate of Eligibility required.
EST. MONTHLY PAYMENT$5,431
Estimates based on a $725,000 purchase price, 30-year fixed rates, and standard program guidelines. Rates: Conventional 7.03% (Freddie Mac PMMS, week of 9/24/2026); FHA and VA 7.25% (Mortgage News Daily index, 9/30/2026). Conventional PMI est. 0.50%/yr. FHA at 26% down to fit the 2026 Mecklenburg County FHA limit ($541,287); 1.75% upfront MIP financed, 0.50% annual MIP. VA: 2.15% first-use funding fee financed. Taxes per 2026 Mecklenburg County/Town of Cornelius tax bill ($3,055.02/yr incl. solid waste fee); insurance est. $124/mo; no HOA. Actual payment, including taxes, insurance, mortgage insurance and fees, will vary based on your individual qualification, credit, and program terms. This is not a commitment to lend. Leave your info below and we will walk you through the full cost picture. Movement Mortgage, LLC NMLS ID 39179. VA loans are available only to eligible veterans, active-duty service members, and qualifying surviving spouses. Certificate of Eligibility required.
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