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Colorado Mortgage Calculator

On a $400,000 home in Colorado with 20% down at 6.47%, the monthly payment is about $2,597 — $2,016 principal & interest, $167 property tax (0.5% effective) and $414 home insurance. Here, insurance is the larger of the two add-ons. Change the price, down payment and rate below for your exact figure.

$2,597 /mo

P&I: $2,016 · Tax: $167 · Insurance: $414

Loan amount: $320,000 · Total interest: $405,871

■ P&I 78%■ Tax 6%■ Insurance 16%
— Standard balance
Yearly amortization schedule
YearInterestPrincipalPMIBalance
1$20,599$3,597—$316,403
2$20,359$3,837—$312,566
3$20,103$4,093—$308,473
4$19,830$4,365—$304,108
5$19,539$4,656—$299,452
6$19,229$4,967—$294,485
7$18,898$5,298—$289,187
8$18,545$5,651—$283,536
9$18,168$6,028—$277,508
10$17,766$6,429—$271,079
11$17,338$6,858—$264,221
12$16,881$7,315—$256,906
13$16,393$7,803—$249,104
14$15,873$8,323—$240,781
15$15,318$8,877—$231,904
16$14,727$9,469—$222,435
17$14,096$10,100—$212,335
18$13,422$10,773—$201,561
19$12,704$11,491—$190,070
20$11,938$12,257—$177,812
21$11,121$13,074—$164,738
22$10,250$13,946—$150,792
23$9,320$14,875—$135,916
24$8,329$15,867—$120,049
25$7,271$16,925—$103,125
26$6,143$18,053—$85,072
27$4,940$19,256—$65,816
28$3,656$20,539—$45,277
29$2,287$21,908—$23,369
30$827$23,369—$0

Rates: Freddie Mac PMMS (wk 2026-06-18). Property tax: Tax Foundation. Insurance: Insurance.com. PMI applies when your down payment is under 20% (LTV > 80%). You can request cancellation at 80% LTV; the servicer must auto-terminate it at 78% (Homeowners Protection Act). How we calculate →

How much is a mortgage payment in Colorado?

For a typical $400,000 home in Colorado with a 20% down payment ($80,000) on a 30-year loan at 6.47%, the full monthly payment works out to about $2,597. That breaks down as $2,016 in principal and interest, $167 in property tax and $414 in homeowners insurance — so taxes and insurance add roughly $580 a month on top of the loan itself.

In Colorado, insurance is the bigger of those two costs. The calculator above uses Colorado's real figures by default, but every input is editable — drop in your own price, down payment, rate and HOA for an exact number, and add a loan type (FHA, VA or USDA) if you're not putting 20% down.

Colorado property tax and home insurance

Colorado's average effective property tax rate is 0.5% of a home's value — the 44th highest of the 50 states and DC (the 8th lowest). On a $400,000 home that's about $2,000 a year, or $167 a month, escrowed into your payment. Property tax is the part of a mortgage that varies most from state to state, which is why a national calculator can be well off for Colorado.

Average homeowners insurance in Colorado runs about $4,963 a year for $300k of coverage — $2,420 above the US average of $2,543, the 5th highest in the country. That high premium is the single biggest reason a Colorado payment runs above the national norm.

Colorado mortgage payment by home price

Because Colorado's tax rate and insurance are fixed shares of the cost, the monthly payment scales with the price. With 20% down at 6.47%:

$300,000 home → about $2,051/mo · $400,000 home → about $2,597/mo · $500,000 home → about $3,142/mo (all including Colorado tax and insurance).

Putting less than 20% down adds private mortgage insurance (PMI) until you reach 20% equity, and a lower rate or longer search for insurance can meaningfully cut the Colorado figure. Use the inputs above to model your own scenario and see the amortization schedule.

What's included in a Colorado mortgage payment (PITI)

A mortgage payment has four parts, often shortened to PITI: Principal, Interest, Taxes and Insurance — plus PMI if you put down under 20% and any HOA dues. In Colorado, principal and interest on a $320,000 loan come to $2,016, then Colorado's property tax ($167) and insurance ($414) are collected monthly into an escrow account and paid on your behalf.

This calculator computes all of PITI for Colorado, shows a full amortization schedule, and estimates how much an extra monthly payment or biweekly schedule would save you in interest over the life of the loan.

Colorado mortgage — frequently asked questions

How much is a monthly mortgage payment in Colorado?

On a $400,000 home in Colorado with 20% down at 6.47% over 30 years, the payment is about $2,597 a month — $2,016 principal and interest, $167 property tax and $414 insurance. Enter your own price and rate above for an exact figure.

What is the property tax rate in Colorado?

Colorado's average effective property tax rate is 0.5% of a home's value (Tax Foundation, 2024) — the 44th highest in the country. On a $400,000 home that's roughly $2,000 a year, collected monthly through escrow.

How much is homeowners insurance in Colorado?

Homeowners insurance in Colorado averages about $4,963 a year for $300k of coverage, $2,420 above the national average of $2,543. Premiums vary by location, home age and claims history, so shop around.

Do I need PMI on a Colorado mortgage?

If your down payment is under 20% on a conventional loan, lenders require private mortgage insurance (PMI) until you reach 20% equity, in Colorado as elsewhere. You can request cancellation at 80% loan-to-value, and it's removed automatically at 78%. Set your down payment above to see the effect.

How much do I need to earn to buy a $400k home in Colorado?

As a rough guide, the 28% rule suggests keeping housing costs at or below 28% of gross income, so a $2,597 payment in Colorado points to roughly $111,281 a year, before other debts. Lenders also weigh your total debt-to-income ratio, down payment and credit score.

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Researched & verified by the Calcuris Data & Research Team. How we build and check our tools →