Calculate Your Colorado Mortgage Payment
Our calculator is pre-filled with Colorado's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with CO DefaultsMonthly Payment Breakdown for Colorado
Here's what your monthly payment looks like on the median Colorado home ($543,435) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($108,687), no PMI. With less than 20% down, add $181-$362/month for PMI.
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Colorado Property Taxes
Colorado's effective property tax rate is 0.50%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $543,435 Home
$2,717
($226/month escrowed)
Buying a Home in Colorado: Key Facts
- Property tax rate of 0.50% is well below the national average of 0.89%
- Higher median home price of $582,000 offsets property tax savings
- CHFA has invested over $37.4 billion helping 155,501 Colorado homebuyers since 1974
- FirstGeneration program supports those raised in foster care
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Colorado First-Time Homebuyer Programs
Colorado has 52 homebuyer assistance programs that can help with down payment and closing costs.
CHFA FirstGeneration
Up to $25,000 in down payment assistance for first-generation buyers
Deferred LoanCHFA SmartStep Plus Grant
Up to 3% of mortgage amount as grant, never needs repayment
GrantCHFA HomeAccess
Up to $25,000 for buyers with disabilities or custodial parents
Deferred LoanEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Colorado
Home prices and property taxes can vary significantly by city. The median home value of $543,435 is a statewide estimate.
Colorado Mortgage FAQ
What is the property tax rate in Colorado?
The average effective property tax rate in Colorado is 0.50%. On a $543,435 home, that's approximately $2,717 per year or $226 per month added to your mortgage payment.
What is the median home value in Colorado?
The median home value in Colorado is $543,435 as of 2026-06-01. Prices vary by location - Denver and Colorado Springs typically have higher prices than rural areas.
Are there first-time homebuyer programs in Colorado?
Yes, Colorado has 52 homebuyer assistance programs. Popular options include CHFA FirstGeneration, which offers up to $25,000 in down payment assistance for first-generation buyers.
How much do I need to buy a house in Colorado?
For the median Colorado home ($543,435), you'd need $108,687 for a 20% down payment, plus $16,303-$27,172 for closing costs. With down payment assistance, you could potentially buy with as little as $19,020 (3.5% FHA down payment).
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Use our free mortgage calculator with Colorado property taxes pre-filled.
Calculate Your CO Mortgage Payment