Mortgage on a $150K house in Colorado
$947 a month with 20% down — $807 principal and interest plus $65 property tax and $75 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $65 a month on a $150K home. The typical home in Colorado is worth $529,013, so $150K is 72% below the typical price.
$150K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $140 | $947 | $40,600 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $140 | $1,104 | $47,300 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $140 | $1,158 | $49,600 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $140 | $1,197 | $51,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.52% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Colorado does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Crowley County | $153,588 | 0.45% | $938 |
| Otero County | $158,183 | 0.31% | $921 |
| Kiowa County | $163,266 | 0.58% | $955 |
| Prowers County | $169,863 | 0.3% | $920 |
| Sedgwick County | $172,249 | 0.45% | $938 |
1 of 62 Colorado counties tracked by Zillow have a typical home value at or below $150K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $150K house in Colorado?
About $947 a month with 20% down at 7.11%: $807 principal and interest, $65 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Colorado?
About $40,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $778 a year. Rates vary by county and city — see the county pages.