Home and mortgage

Colorado Mortgage Calculator

Your monthly mortgage payment in Colorado, with Colorado's effective property tax rate (0.48%) built in, at this week's average rate. The calculator starts at the state's median home value, $539,400.

Shows its working
Sources named below
Runs in your browser; nothing is stored

Your numbers

Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$3,304.26The answer

Monthly payment

$3,304.26

A $539,000 home with 20% down ($431,200 borrowed) at 7.18% over 30 years costs about $3,304 a month: $2,921 principal and interest plus $383 of tax, insurance and dues.

Principal and interest: $2,921.10
Tax, insurance, PMI and HOA: $383.16
Total interest over the loan: $620,396

Amortization by year: $431,200 at 7.18%

Year	Interest	Principal	Balance
1	$30,822.74	$4,230.45	$426,969.55
2	$30,508.80	$4,544.39	$422,425.16
3	$30,171.56	$4,881.63	$417,543.53
4	$29,809.29	$5,243.90	$412,299.63
5	$29,420.14	$5,633.05	$406,666.58
6	$29,002.10	$6,051.08	$400,615.50
7	$28,553.05	$6,500.14	$394,115.36
8	$28,070.67	$6,982.52	$387,132.84
9	$27,552.49	$7,500.70	$379,632.14
10	$26,995.86	$8,057.33	$371,574.82
11	$26,397.92	$8,655.27	$362,919.55
12	$25,755.61	$9,297.58	$353,621.97
13	$25,065.63	$9,987.56	$343,634.42
14	$24,324.45	$10,728.74	$332,905.68
15	$23,528.26	$11,524.92	$321,380.75
16	$22,672.99	$12,380.20	$309,000.56
17	$21,754.25	$13,298.94	$295,701.62
18	$20,767.33	$14,285.86	$281,415.76
19	$19,707.17	$15,346.02	$266,069.74
20	$18,568.33	$16,484.86	$249,584.88
21	$17,344.98	$17,708.21	$231,876.67
22	$16,030.84	$19,022.35	$212,854.32
23	$14,619.18	$20,434.01	$192,420.32
24	$13,102.76	$21,950.43	$170,469.89
25	$11,473.81	$23,579.38	$146,890.51
26	$9,723.97	$25,329.22	$121,561.30
27	$7,844.27	$27,208.91	$94,352.38
28	$5,825.08	$29,228.10	$65,124.28
29	$3,656.05	$31,397.14	$33,727.14
30	$1,326.05	$33,727.14	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Colorado by home price (20% down, 7%, 30 years, 0.48% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$270,000	$1,437	$108	$1,712
$400,000	$2,129	$161	$2,456
$540,000	$2,874	$217	$3,258
$810,000	$4,311	$325	$4,803
$1,080,000	$5,748	$434	$6,349

How this calculator works

As the mortgage calculator, with Colorado's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,602 ÷ median value $539,400.

Questions people ask

What is the mortgage payment on a median home in Colorado?

On $539,400 with 20% down at 7% over 30 years: about $2,871 principal and interest and $217 of property tax, $3,254 a month with $2,000 a year of insurance.

What is the median home value in Colorado?

$539,400 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Colorado?

The effective rate is 0.48%, a median $2,602 a year. See Colorado's property tax page for every county we cover.

How much income do I need for a median Colorado home?

Under the 28% guideline, about $139,467 a year for the payment above; Colorado's median household income is $95,470.

Related calculators

Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.