Mortgage on a $200K house in Colorado
$1,263 a month with 20% down — $1,076 principal and interest plus $86 property tax and $100 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $86 a month on a $200K home. The typical home in Colorado is worth $529,013, so $200K is 62% below the typical price.
$200K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $186 | $1,263 | $54,100 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $186 | $1,472 | $63,100 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $186 | $1,544 | $66,200 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $186 | $1,596 | $68,400 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Cheyenne County | $196,246 | 0.47% | $1,255 |
| Conejos County | $212,372 | 0.4% | $1,244 |
| Costilla County | $180,906 | 0.32% | $1,229 |
| Sedgwick County | $172,249 | 0.45% | $1,251 |
8 of 62 Colorado counties tracked by Zillow have a typical home value at or below $200K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $200K house in Colorado?
About $1,263 a month with 20% down at 7.11%: $1,076 principal and interest, $86 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Colorado?
About $54,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $1,038 a year. Rates vary by county and city — see the county pages.