Mortgage on a $250K house in Colorado
$1,579 a month with 20% down — $1,345 principal and interest plus $108 property tax and $125 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $108 a month on a $250K home. The typical home in Colorado is worth $529,013, so $250K is 53% below the typical price.
$250K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $233 | $1,579 | $67,700 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $233 | $1,840 | $78,900 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $233 | $1,930 | $82,700 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $233 | $1,995 | $85,500 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Lincoln County | $250,552 | 0.44% | $1,563 |
| Phillips County | $252,008 | 0.56% | $1,588 |
| Logan County | $252,455 | 0.46% | $1,567 |
| Washington County | $243,941 | 0.39% | $1,551 |
| Saguache County | $241,669 | 0.32% | $1,538 |
| Las Animas County | $238,422 | 0.23% | $1,517 |
| Huerfano County | $264,499 | 0.28% | $1,529 |
| Kit Carson County | $233,624 | 0.49% | $1,573 |
| Yuma County | $272,569 | 0.47% | $1,569 |
| Pueblo County | $282,303 | 0.5% | $1,575 |
13 of 62 Colorado counties tracked by Zillow have a typical home value at or below $250K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $250K house in Colorado?
About $1,579 a month with 20% down at 7.11%: $1,345 principal and interest, $108 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Colorado?
About $67,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $1,297 a year. Rates vary by county and city — see the county pages.