Mortgage Calculator – Colorado

Colorado’s housing market has seen rapid growth, especially in cities like Denver, Boulder, and Colorado Springs, driving higher home prices.

This Colorado mortgage calculator helps you estimate monthly payments by including loan terms, interest rates, property taxes, and insurance costs.

Why Mortgage Costs in Colorado Are Rising

Colorado has experienced strong population growth and limited housing supply, which has pushed home prices higher over the past decade.

Property tax rates remain relatively low compared to national averages, but higher purchase prices increase overall monthly mortgage costs.

Insurance costs may also be higher in wildfire-prone or mountainous regions.

Example 1: A $520,000 home with 20% down at 6.8% over 30 years may result in a monthly payment around $2,550 including taxes and insurance.

Example 2: Homes near Denver and Boulder are significantly more expensive than those in rural areas.

Example 3: Buyers relocating from coastal states often accept higher prices in exchange for lifestyle benefits.

Yes. Colorado generally has lower property tax rates compared to many states.

Yes. You can include estimated property tax and insurance values.

Home prices are high in metro areas, but more affordable options exist elsewhere.

PMI may apply if your down payment is below 20%, depending on loan type.

Rates are generally aligned with national averages.

No. HOA fees vary by community and should be budgeted separately.

Yes. Homeowners refinance to reduce interest rates or change loan terms.

Yes. Homes in wildfire-prone areas may face higher insurance premiums.

This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.