Mortgage on a $450K house in Colorado
$2,841 a month with 20% down — $2,422 principal and interest plus $195 property tax and $225 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $195 a month on a $450K home. The typical home in Colorado is worth $529,013, so $450K is 15% below the typical price.
$450K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $420 | $2,841 | $121,800 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $420 | $3,313 | $142,000 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $420 | $3,474 | $148,900 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $420 | $3,591 | $153,900 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Mineral County | $452,046 | 0.35% | $2,777 |
| El Paso County | $445,559 | 0.41% | $2,799 |
| Montrose County | $455,743 | 0.36% | $2,780 |
| Mesa County | $428,682 | 0.38% | $2,789 |
| Teller County | $472,557 | 0.35% | $2,777 |
| Adams County | $472,857 | 0.61% | $2,876 |
| Hinsdale County | $475,661 | 0.31% | $2,763 |
| Weld County | $488,305 | 0.52% | $2,841 |
| Montezuma County | $407,031 | 0.29% | $2,755 |
| Delta County | $407,020 | 0.31% | $2,763 |
| Arapahoe County | $499,630 | 0.52% | $2,843 |
| Custer County | $399,858 | 0.39% | $2,795 |
31 of 62 Colorado counties tracked by Zillow have a typical home value at or below $450K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $450K house in Colorado?
About $2,841 a month with 20% down at 7.11%: $2,422 principal and interest, $195 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Colorado?
About $121,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $2,335 a year. Rates vary by county and city — see the county pages.