CO

Colorado Mortgage Calculator 2026

Colorado's housing market boomed dramatically during the pandemic era before cooling from its 2022 peak, offering buyers more options and negotiating power. Colorado's very low property tax rate (0.51%) partially offsets the high purchase prices, though wildfire insurance costs have become a significant factor in many areas.

$540,000
Median Home Price
0.51%
Property Tax Rate
Low
7.25%
Avg 30-yr Rate
$3,327
Est. Monthly (PITI)

Calculate Your Colorado Mortgage Payment

Pre-filled with Colorado averages — adjust any value to match your situation.

= $108,000 down

Estimated Monthly Payment Breakdown

Based on $540,000 home price, 20% down, 30-year fixed at 7.25%.

Principal & Interest
$2,947/mo
Property Tax
$230/mo
Homeowners Insurance
$150/mo
Total (PITI)
$3,327/mo

Colorado Property Taxes & Income Tax

Colorado's 0.51% property tax rate is one of the lowest in the nation. On a $540,000 home, expect ~$2,750/year. The state income tax is a flat 4.4%. Colorado also offers a Senior Homestead Exemption for qualifying seniors.

Homestead Exemption availableColorado offers a homestead exemption for owner-occupied primary residences, reducing your property tax bill.

Colorado Homeowners Insurance

🔥Wildfire Risk

The 2021 Marshall Fire and other recent fires have caused some insurers to exit Colorado or dramatically increase premiums in high-risk areas. Mountain and foothills properties face the highest costs. Hail is also a major risk on the Front Range. Budget $1,500–$4,000+/year.

Colorado Housing Market Overview

Denver metro prices have moderated from their 2022 peak with more inventory. Boulder remains expensive. Colorado Springs has grown driven by military installations. Mountain resort communities (Aspen, Vail) have ultra-premium pricing. Fort Collins offers more affordable Front Range options.

Frequently Asked Questions

What is the average mortgage payment in Colorado?

Based on Colorado's median home price of $540,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $3,327/month.

What is the conforming loan limit in Colorado?

The conforming loan limit in Colorado is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.

Can I get a USDA loan in Colorado?

Yes — Colorado has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.

Are VA loans available in Colorado?

Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Colorado with no down payment and no PMI. The VA loan limit in Colorado is $766,550.

Colorado Loan Limits

Conventional$766,550
FHA$472,030
VANo limit (full entitlement)
Jumbo starts at$766,551

Colorado Homebuyer Programs

CHFA FirstStep Program
Colorado Housing and Finance Authority (CHFA)

Below-market interest rate mortgages with optional down payment assistance for first-time homebuyers.

Learn more →

Loan Types Available

Conventional (30-yr, 15-yr, ARM)
FHA (3.5% down)
VA (0% down for veterans)
USDA (0% down, rural areas)

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See what you qualify for in Colorado with current rates.

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