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

$1,725per 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?$16,250
$16,250$136,386
Secondary Financing8.5% Rate
$120,136
Blended rate5.18% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,952/mo
Assumable @ 3.06% + gap
$1,725/mo
$226less per month
$226
per month
$2,717
per year
$81,523
over 30 years

🏦 Loan Details

List Price
$325,000
Assumable Rate
3.06%
Remaining Balance
$188,613
Loan Type
FHA
Est. Equity Gap
$136,386
Annual Taxes
$1,402
HOA/mo
$360

About This Home

Move-in ready and ideally located, this spacious first-floor corner condo offers bright, south-facing exposure and an open, airy floor plan. Rare features include two private balconies and two dedicated parking spaces, providing both comfort and convenience. Designed for low-maintenance living, the functional layout is perfect for everyday living or entertaining. Set in a walkable Denver neighborhood close to new shops, local businesses, parks, and trails, with quick access to Peña Blvd, I-70, DIA, and major amenities. An excellent opportunity for first-time buyers, downsizers, or investors seeking long-term value.

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
$325,000
3.06% rateFHASave $1,062/mo

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