5255 Memphis
VA Assumable
3.16% Rate
50 photos
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5255 Memphis

Denver, CO 80239

2
Bedrooms
2
Bathrooms
925
Sq Ft

Payment Calculator

$1,133per 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?$12,250
$12,250$52,787
Secondary Financing8.5% Rate
$40,537
Blended rate4.10% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,471/mo
Assumable @ 3.16% + gap
$1,133/mo
$338less per month
$338
per month
$4,056
per year
$121,691
over 30 years

🏦 Loan Details

List Price
$245,000
Assumable Rate
3.16%
Remaining Balance
$190,901
Loan Type
VA
Est. Equity Gap
$52,787
Annual Taxes
$1,242
HOA/mo
$364

About This Home

This unit comes with something most listings can't offer right now: an assumable FHA loan at 4%. That's a real number, not a teaser rate, and it transfers to a qualified buyer who plans to live here — a meaningful edge in this rate environment. Buyer is subject to lender approval and qualification requirements.\r \r Ground-floor 2-bedroom, 2-bath condo in northeast Denver's Trails at Parkfield Lake community. 925 square feet that lives larger than it measures. Hard surface floors throughout — no carpet to replace or clean. The primary bedroom fits a king with room to spare. The second bedroom is non-conforming, working equally well as an office, guest room, or creative space. In-unit washer and dryer. One assigned parking space.\r \r Location holds its own. The A Line is five minutes away — Union Station and downtown without touching a highway. DIA is a 10-minute drive. Anschutz, Children's Hospital, UCHealth, and the VA are all an easy commute southwest — matters if you work at any of them. Outside, Parkfield Lake Park is right there: walking paths and open space in a location that feels residential despite how connected it is. Community pool. Dining and shopping along Peña and Tower Road cover the day-to-day.\r \r Strong fit for a first-time buyer looking for a smart entry point, a healthcare worker, or a frequent traveler who wants this location and a payment most buyers can't touch right now.

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
$245,000
3.16% rateVASave $529/mo

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