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Colorado mortgage calculator

Pre-filled for Colorado: the median home value ($575,000) and the state's effective property tax rate of 0.49%. Change anything to match your home.

Home price
Down payment$115,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$3,292.30

Loan $460,000 · 20% down

  • Principal & interest$2,907.51
  • Property tax$234.79
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$586,707
Total cost
$1,185,231
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 5,142, Interest 29,74912: Principal 5,486, Interest 29,4043: Principal 5,853, Interest 29,0374: Principal 6,245, Interest 28,64545: Principal 6,664, Interest 28,2276: Principal 7,110, Interest 27,7807: Principal 7,586, Interest 27,3048: Principal 8,094, Interest 26,79689: Principal 8,636, Interest 26,25410: Principal 9,214, Interest 25,67611: Principal 9,832, Interest 25,05912: Principal 10,490, Interest 24,4001213: Principal 11,192, Interest 23,69814: Principal 11,942, Interest 22,94815: Principal 12,742, Interest 22,14816: Principal 13,595, Interest 21,2951617: Principal 14,506, Interest 20,38418: Principal 15,477, Interest 19,41319: Principal 16,514, Interest 18,37620: Principal 17,620, Interest 17,2702021: Principal 18,800, Interest 16,09022: Principal 20,059, Interest 14,83123: Principal 21,402, Interest 13,48824: Principal 22,835, Interest 12,0552425: Principal 24,365, Interest 10,52526: Principal 25,996, Interest 8,89427: Principal 27,737, Interest 7,15328: Principal 29,595, Interest 5,2952829: Principal 31,577, Interest 3,31330: Principal 33,695, Interest 1,19830
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$5,142$29,749$454,858
2$5,486$29,404$449,373
3$5,853$29,037$443,519
4$6,245$28,645$437,274
5$6,664$28,227$430,611
Monthly payment$3,292.30

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Colorado at a glance

Effective property tax
0.49%
Rank (1 = highest)
42nd of 51
Median home value
$574,600
Median tax bill
$2,828/yr

On the same $400,000 home, property tax in Colorado adds about $163.33/month, versus $296.67/month at the national rate.

Colorado mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$300,000$1,516.96$122.50$1,789.46
$425,000$2,149.03$173.54$2,472.57
$575,000(median)$2,907.51$234.79$3,292.30
$875,000$4,424.48$357.29$4,931.77
$1,150,000$5,815.03$469.58$6,434.61

20% down, 6.5% 30-year fixed (example rate), 0.49% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Colorado.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Colorado figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Colorado?+

The effective property tax rate in Colorado is about 0.49% of home value a year (median taxes paid $2,828 on a median home worth $574,600). That's the 42nd highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Colorado?+

For a $575,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $3,292.30 a month, including $234.79 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Colorado?+

To afford the median Colorado home ($575,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $166,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.