Calculate your monthly mortgage payment in Colorado. Pre-filled with Colorado's median home price of $540,000 and an average property tax rate of 0.51%.
Est. Monthly Payment
$3,441
Principal & Interest
$2,986
Property Tax / mo
$230
Total Interest Paid
$616,041
| Home Price | $540,000 | Median home price in Colorado (2025) |
| Down Payment | 15% ($81,000) | Typical down payment percentage |
| Loan Amount | $459,000 | Home price minus down payment |
| Interest Rate | 6.78% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.51% / year | Colorado average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
CHFA FirstStep, CHFA SmartStep, Metro Mortgage Assistance Plus
Cost of living: High · Population: 5,773,714
Colorado has a median home price of approximately $540,000, placing it above the national median. With a 15% down payment of $81,000, a typical buyer would finance $459,000 over 30 years. At a 6.78% fixed rate, the monthly principal and interest payment comes to $2,986.
Property taxes in Colorado average 0.51% of the assessed home value annually — one of the lower rates in the country. Combined with an estimated $225 for homeowners insurance, your all-in monthly housing cost is approximately $3,441.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $147,481 to qualify comfortably. The median household income in Colorado is $77,127.
