Characteristics of fluid flow and heat transfer in a tube with disk and annular baffle for heat exchanger of condensing boiler was numerically studied. The STAR-CD code was used to solve the governing equations and the temperature and flow fields were investigated. The interval between tube and annular baffle, height and diameter of baffle were selected as important design parameters, and the effects of these parameters on heat transfer and fluid flow were studied. As a result, in the case of with interval, the pressure was decreased, but heat transfer was increased. Heat transfer was slowly increased as the size of disk and annular baffle were increased and the distance between baffles were decreased. The pressure drop was rapidly changed fur diameter and size of disk and annular baffle. In addition, it was desirable that optimal conditions to design heat exchanger were about B$\_$a/R=0.5, L/R=1.