1 of 54
$725,000 SIGNIN

Sign in to see required down payment for the 2.67% rate

5435 Mirror Lake Dr, Cumming, GA 30028

5 beds · 4 baths · 3,964 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome to 5435 Mirror Lake Drive, located in beautiful Whisper in sought after North Forsyth. This turnkey, move in ready home has so much to offer! Sitting on a private level lot, with no rear neighbors behind it. Beautiful curb appeal welcomes your home. As you enter thru the front door, you have a wide foyer entryway. To the left you have a office/sitting room with bay window that flows into your formal dining room space. There is a private guest suite with full private NEW updated bathroom on the main. At the rear of the home, you have the heart of the home in the middle, the stunning large kitchen, that features an oversized island with seating, double ovens, and gas cooktop. The fridge remains with the home. To the left you have a custom wine, and snack bar in the breakfast room area that leads to the back deck. To the right of the kitchen is the cozy family room with plenty of natural lights. Off the family room is the large custom walk-in pantry, and separate mud room that leads to the freshly updated garage. Upstairs features an oversized primary suite with sitting room, and a HUGE walk-in closet. Separate walk-in shower and soaking tub in the bathroom, and access to the large laundry room from the closet. There is also another private guest suite with private bath, and 2 additional bedrooms with a jack n jill bathroom. All new carpet upstairs. The unfinished basement is HUGE and ready for your personal touch to add even more sq.ft to the home. Access to the backyard from the basement, that is fenced and level and ready to become your own private retreat. This home has fresh paint thru-out, updated lighting package, new main floor bathroom, new LVP floors on the main, custom new wet bar/snack bar in the kitchen, new carpet, new laundry room, new master closet, and so much more!

Estimated
Seller's interest rate
2.67%
7%
Estimated
Monthly payment

$2,131
$2,866
You may also save up to $226,457 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,866 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
2.67%
Remaining term
25 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,131
Principal & interest
$1,314
Mortgage insurance
$230
Property taxes
$146
Home insurance
$386
HOA fees
$54
Utilities
Not included

Source: Public records

Home details
Size
3,964 sqft
Lot size
0.26 acres
Year built
2018
Type
Single Family Residence
HOA dues
$54.17

Source: FMLS #7564090

Qualify

To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.

An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.

When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.

Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.

Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.

To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

View all FAQs
Last updated: May 08, 2025 12:25 am
Listing agent: Matthew Thaxton
Listing provided courtesy of: Keller Williams Realty Community Partners (678) 341-7400
Details provided by FMLS and may not match the public record.
MLS ID: #7564090
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please visit https://www.fmls.com/dmca.htm to review our DMCA policy and learn how to submit a takedown request. © 2025 FMLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
$2,131
View details