Mortgage on a $550K house in Colorado
$3,473 a month with 20% down — $2,960 principal and interest plus $238 property tax and $275 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $238 a month on a $550K home. The typical home in Colorado is worth $529,013, so $550K is 4% above the typical price.
$550K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $513 | $3,473 | $148,800 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $513 | $4,049 | $173,500 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $513 | $4,245 | $181,900 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $513 | $4,389 | $188,100 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clear Creek County | $549,459 | 0.39% | $3,412 |
| San Juan County | $548,587 | 0.32% | $3,379 |
| Larimer County | $545,602 | 0.5% | $3,463 |
| Archuleta County | $565,035 | 0.35% | $3,397 |
| Gilpin County | $532,990 | 0.23% | $3,340 |
| Denver County | $528,188 | 0.45% | $3,440 |
| Park County | $514,002 | 0.33% | $3,387 |
| Lake County | $509,347 | 0.42% | $3,428 |
| Arapahoe County | $499,630 | 0.52% | $3,475 |
| Jefferson County | $606,904 | 0.48% | $3,456 |
| Weld County | $488,305 | 0.52% | $3,472 |
| Broomfield County | $613,654 | 0.6% | $3,511 |
45 of 62 Colorado counties tracked by Zillow have a typical home value at or below $550K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $550K house in Colorado?
About $3,473 a month with 20% down at 7.11%: $2,960 principal and interest, $238 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Colorado?
About $148,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $2,854 a year. Rates vary by county and city — see the county pages.