Mortgage on a $600K house in Colorado
$3,788 a month with 20% down — $3,229 principal and interest plus $259 property tax and $300 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $259 a month on a $600K home. The typical home in Colorado is worth $529,013, so $600K is 13% above the typical price.
$600K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $559 | $3,788 | $162,400 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $559 | $4,417 | $189,300 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $559 | $4,631 | $198,500 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $559 | $4,788 | $205,200 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jefferson County | $606,904 | 0.48% | $3,771 |
| Broomfield County | $613,654 | 0.6% | $3,830 |
| Archuleta County | $565,035 | 0.35% | $3,706 |
| Clear Creek County | $549,459 | 0.39% | $3,722 |
| San Juan County | $548,587 | 0.32% | $3,687 |
| Larimer County | $545,602 | 0.5% | $3,778 |
| Gilpin County | $532,990 | 0.23% | $3,643 |
| Denver County | $528,188 | 0.45% | $3,752 |
| Elbert County | $675,289 | 0.45% | $3,755 |
| La Plata County | $678,547 | 0.26% | $3,660 |
| Park County | $514,002 | 0.33% | $3,695 |
| Chaffee County | $686,577 | 0.29% | $3,672 |
46 of 62 Colorado counties tracked by Zillow have a typical home value at or below $600K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $600K house in Colorado?
About $3,788 a month with 20% down at 7.11%: $3,229 principal and interest, $259 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Colorado?
About $162,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $3,113 a year. Rates vary by county and city — see the county pages.