5255 Memphis
FHA Assumable
3.06% Rate
50 photos
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5255 Memphis

Denver, CO 80239

2
Bedrooms
2
Bathrooms
1,121
Sq Ft

Payment Calculator

$1,383per month

In an assumption, your down payment covers the seller's equity. You'll need at least 5% of the purchase price in cash, and the rest can be covered with secondary financing.

How much can you bring down?$14,000
$14,000$90,164
Secondary Financing8.5% Rate
$76,164
Blended rate4.63% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,681/mo
Assumable @ 3.06% + gap
$1,383/mo
$298less per month
$298
per month
$3,574
per year
$107,220
over 30 years

🏦 Loan Details

List Price
$280,000
Assumable Rate
3.06%
Remaining Balance
$187,793
Loan Type
FHA
Est. Equity Gap
$90,164
Annual Taxes
$1,402
HOA/mo
$360

About This Home

Step into your new home! This freshly cleaned, first-floor corner condo is ready and waiting for you. Its bright, open layout is bathed in natural light from the south-facing windows, creating a warm and welcoming atmosphere. With two private balconies and two dedicated parking spaces, it's perfect for both relaxing and entertaining.\r \r Designed with low-maintenance living in mind, the flexible floor plan fits a range of lifestyles. Situated in a vibrant, walkable Denver neighborhood, you'll have easy access to shops, parks, trails, and dining. Plus, you're just minutes from Peña Blvd, I-70, and DIA. Whether you're a homeowner or an investor, this is an opportunity you won't want to miss. Start enjoying life in this incredible space!

Data Source: REcolorado MLS

Listing information is deemed reliable but not guaranteed. All data provided by the MLS and is subject to change. The Assumable Guy is not the listing agent for this property. Contact us to connect with the listing agent and explore assumable financing options.

This listing
$280,000
3.06% rateFHASave $791/mo

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