Mortgage on a $300K house in Colorado
$1,894 a month with 20% down — $1,614 principal and interest plus $130 property tax and $150 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $130 a month on a $300K home. The typical home in Colorado is worth $529,013, so $300K is 43% below the typical price.
$300K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $280 | $1,894 | $81,200 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $280 | $2,209 | $94,700 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $280 | $2,316 | $99,200 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $280 | $2,394 | $102,600 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Moffat County | $299,145 | 0.4% | $1,863 |
| Dolores County | $307,256 | 0.27% | $1,831 |
| Pueblo County | $282,303 | 0.5% | $1,890 |
| Alamosa County | $319,782 | 0.43% | $1,872 |
| Rio Grande County | $320,612 | 0.39% | $1,861 |
| Morgan County | $324,520 | 0.52% | $1,894 |
| Rio Blanco County | $326,192 | 0.33% | $1,848 |
| Yuma County | $272,569 | 0.47% | $1,883 |
| Fremont County | $333,916 | 0.36% | $1,855 |
| Huerfano County | $264,499 | 0.28% | $1,835 |
20 of 62 Colorado counties tracked by Zillow have a typical home value at or below $300K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $300K house in Colorado?
About $1,894 a month with 20% down at 7.11%: $1,614 principal and interest, $130 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Colorado?
About $81,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $1,557 a year. Rates vary by county and city — see the county pages.