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

$1,193per 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?$12,650
$12,650$60,787
Secondary Financing8.5% Rate
$48,137
Blended rate4.23% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,519/mo
Assumable @ 3.16% + gap
$1,193/mo
$326less per month
$326
per month
$3,909
per year
$117,269
over 30 years

🏦 Loan Details

List Price
$253,000
Assumable Rate
3.16%
Remaining Balance
$191,339
Loan Type
VA
Est. Equity Gap
$60,787
Annual Taxes
$1,242
HOA/mo
$364

About This Home

This unit comes with something most listings can't offer right now: an assumable loan at 4%. That's a real number, not a teaser rate, and it transfers to a buyer who plans to live here — a meaningful edge in this rate environment. The loan is an FHA assumable loan - buyer is subject to lender approval and qualification requirements. \r Beyond that: a ground-floor 2-bedroom, 1.5-bath condo in northeast Denver's Trails at Parkfield Lake community, 925 square feet. The primary bedroom fits a king bed with room to spare. The second bedroom is non-conforming, so it works as an office, guest room, or whatever you need it to be.\r Location holds its own too. 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 University of Colorado Hospital, and the VA are all an easy commute, which matters if you work at any of them.\r Outside, Parkfield Lake Park is right there — walking paths and open space that keep things quiet despite how connected the location is. Community pool for summer. Dining and shopping along Peña and Tower Road cover the day-to-day.\r Good fit for a first-time buyer looking for a smart entry point, or a healthcare worker or 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
$253,000
3.16% rateVASave $577/mo

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