Colorado · CO

Colorado Mortgage Calculator

Pre-filled for Colorado: median home price $555,000, average property tax rate 0.51%. Adjust any slider to make it yours.

Colorado housing at a glance

Median home price: $555,000
Effective property tax rate: 0.51% / yr
Annual property tax (median home): $2,831
Est. monthly tax escrow: $236
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Colorado

The median home price in Colorado is around $555,000 and the effective property tax rate averages 0.51%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Colorado is $111,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Colorado

Colorado has no state transfer tax. A flat $0.01 per $100 documentary fee applies to deeds.

Beyond transfer taxes, total closing costs in Coloradotypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $11,100–$27,750.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Colorado mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Colorado?: At the current 30-year fixed rate of ~6.81%, a $555,000 home in Colorado with 20% down ($111,000) carries a principal-and-interest payment of ~$2,898/mo. Add property tax (~$236/mo at 0.51%) and homeowners insurance and your total is roughly $3,133/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Colorado?: The effective statewide property tax rate in Colorado averages 0.51% of assessed value per year. On a $555,000 home, that works out to roughly $2,831 per year ($236/mo). Individual county rates vary.
Does Colorado have a state income tax?: Yes, Colorado has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Colorado?: Colorado has no state transfer tax. A flat $0.01 per $100 documentary fee applies to deeds.
What type of foreclosure does Colorado use?: Colorado uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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