Mortgage Calculator — Colorado
Pre-filled with Colorado's average home price of $540000, property tax rate of 0.51%, and average insurance of $1900/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Colorado averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
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Total Interest Paid
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Over loan lifetime
Total Cost
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Principal + interest
Loan Amount
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Amount financed
Down Payment
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Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
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Amortization Schedule
Full month-by-month payment breakdown
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Colorado Housing Market
Colorado has among the lowest effective property tax rates in the US at under 0.55%, partially offsetting high home prices. Denver and Boulder command premium valuations while Colorado Springs and Fort Collins offer relatively more accessible entry points.
Affordability in Colorado
Colorado's housing market has tightened significantly since 2015. Denver metro median prices now exceed $550,000, requiring a household income of approximately $130,000+ to comfortably afford a median-priced home with 20% down.
Key Markets
First-Time Buyer Programs in Colorado
CHFA First Step Program
Below-market 30-year fixed rate mortgage for first-time buyers. Income limits by county.
CHFA Down Payment Assistance Grant
Up to 3% of the first mortgage as a grant (no repayment). Can be combined with CHFA First Step.
Metro DPA (Denver Metro area)
Down payment assistance grants specific to Denver metro buyers — amounts vary by lender and income.
Property Tax in Colorado
Colorado property taxes are among the lowest in the US at 0.51% effective statewide average. Denver county runs around 0.55%. Residential assessment rate is fixed by statute. TABOR limits annual revenue growth, keeping tax increases modest.
Colorado Conforming Loan Limit
$832,750 in most Colorado counties. Denver, Boulder, and some mountain counties (Eagle, Pitkin) qualify for high-cost limits up to $1,249,125.
Closing Costs in Colorado
Colorado closing costs typically run 2–3% of purchase price. Key costs: title insurance, lender origination, recording fees. No state transfer tax. Water rights and HOA document fees can add to total in some Colorado communities.
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