Mortgage on a $500K house in Colorado
$3,157 a month with 20% down — $2,691 principal and interest plus $216 property tax and $250 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $216 a month on a $500K home. The typical home in Colorado is worth $529,013, so $500K is 5% below the typical price.
$500K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $466 | $3,157 | $135,300 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $466 | $3,681 | $157,800 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $466 | $3,859 | $165,400 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $466 | $3,990 | $171,000 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Arapahoe County | $499,630 | 0.52% | $3,159 |
| Lake County | $509,347 | 0.42% | $3,116 |
| Weld County | $488,305 | 0.52% | $3,156 |
| Park County | $514,002 | 0.33% | $3,080 |
| Hinsdale County | $475,661 | 0.31% | $3,070 |
| Adams County | $472,857 | 0.61% | $3,196 |
| Teller County | $472,557 | 0.35% | $3,086 |
| Denver County | $528,188 | 0.45% | $3,127 |
| Gilpin County | $532,990 | 0.23% | $3,036 |
| Montrose County | $455,743 | 0.36% | $3,089 |
| Larimer County | $545,602 | 0.5% | $3,148 |
| Mineral County | $452,046 | 0.35% | $3,086 |
38 of 62 Colorado counties tracked by Zillow have a typical home value at or below $500K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $500K house in Colorado?
About $3,157 a month with 20% down at 7.11%: $2,691 principal and interest, $216 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Colorado?
About $135,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $2,594 a year. Rates vary by county and city — see the county pages.