5255 Memphis
FHA Assumable
5.52% Rate
50 photos
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5255 Memphis

Denver, CO 80239

2
Bedrooms
2
Bathrooms
1,026
Sq Ft

Payment Calculator

$1,769per 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?$15,495
$15,495$63,237
Secondary Financing8.5% Rate
$47,742
Blended rate6.00% vs 6.5%
Monthly Payment Comparison
Conventional @ 6.5%
$1,861/mo
Assumable @ 5.52% + gap
$1,769/mo
$92less per month
$92
per month
$1,105
per year
$33,157
over 30 years

🏦 Loan Details

List Price
$309,900
Assumable Rate
5.52%
Remaining Balance
$246,315
Loan Type
FHA
Est. Equity Gap
$63,237
Annual Taxes
$1,521
HOA/mo
$394

About This Home

Welcome to Unit 1222 at Trails at Parkfield Lake — a well-maintained 2-bed, 2-bath condo with unobstructed mountain views, vaulted ceilings, an open layout, and some great updates already done for you. The kitchen features new countertops and freshly painted cabinetry with updated fixtures and faucets, and fresh paint runs throughout the entire unit. The primary suite has a walk-in closet and en-suite bath, and the kitchen pantry gives you the storage space most condos skip on.\r Step outside and you've got a private balcony, plus something most units around here can't offer — a detached garage AND a reserved parking space (and don't forget the mountain views)!\r The HOA covers water, sewer, trash, and snow removal, and community amenities include a pool and fitness center. All the big stuff is handled in your low monthly fee.\r The location is a genuine selling point. You're 10 minutes from DIA — great for flight attendants, airline crew, or anyone whose life runs on airport time. The brand-new Costco is right down the road, Montebello Rec Center is nearby, and you've got Parkfield Lake Park, the elementary school, and miles of trails along the Sand Creek Greenway and Rocky Mountain Arsenal National Wildlife Refuge practically in your backyard.\r Easy access to I-70, everyday conveniences close by, and a home that's ready to go!

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
$309,900
5.52% rateFHASave $379/mo

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