Mortgage on a $350K house in Colorado
$2,210 a month with 20% down — $1,884 principal and interest plus $151 property tax and $175 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $151 a month on a $350K home. The typical home in Colorado is worth $529,013, so $350K is 34% below the typical price.
$350K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $326 | $2,210 | $94,700 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $326 | $2,577 | $110,400 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $326 | $2,702 | $115,800 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $326 | $2,793 | $119,700 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Fremont County | $333,916 | 0.36% | $2,164 |
| Rio Blanco County | $326,192 | 0.33% | $2,156 |
| Morgan County | $324,520 | 0.52% | $2,209 |
| Rio Grande County | $320,612 | 0.39% | $2,171 |
| Alamosa County | $319,782 | 0.43% | $2,183 |
| Dolores County | $307,256 | 0.27% | $2,136 |
| Custer County | $399,858 | 0.39% | $2,174 |
| Moffat County | $299,145 | 0.4% | $2,174 |
26 of 62 Colorado counties tracked by Zillow have a typical home value at or below $350K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $350K house in Colorado?
About $2,210 a month with 20% down at 7.11%: $1,884 principal and interest, $151 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Colorado?
About $94,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $1,816 a year. Rates vary by county and city — see the county pages.