Mortgage on a $400K house in Colorado
$2,526 a month with 20% down — $2,153 principal and interest plus $173 property tax and $200 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $173 a month on a $400K home. The typical home in Colorado is worth $529,013, so $400K is 24% below the typical price.
$400K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $373 | $2,526 | $108,200 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $373 | $2,945 | $126,200 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $373 | $3,088 | $132,300 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $373 | $3,192 | $136,800 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Custer County | $399,858 | 0.39% | $2,484 |
| Delta County | $407,020 | 0.31% | $2,456 |
| Montezuma County | $407,031 | 0.29% | $2,449 |
| Mesa County | $428,682 | 0.38% | $2,479 |
| El Paso County | $445,559 | 0.41% | $2,488 |
| Mineral County | $452,046 | 0.35% | $2,469 |
| Montrose County | $455,743 | 0.36% | $2,472 |
27 of 62 Colorado counties tracked by Zillow have a typical home value at or below $400K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $400K house in Colorado?
About $2,526 a month with 20% down at 7.11%: $2,153 principal and interest, $173 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Colorado?
About $108,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $2,075 a year. Rates vary by county and city — see the county pages.