Mortgage on a $650K house in Colorado
$4,104 a month with 20% down — $3,498 principal and interest plus $281 property tax and $325 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $281 a month on a $650K home. The typical home in Colorado is worth $529,013, so $650K is 23% above the typical price.
$650K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $606 | $4,104 | $175,900 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $606 | $4,785 | $205,100 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $606 | $5,017 | $215,000 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $606 | $5,187 | $222,300 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Elbert County | $675,289 | 0.45% | $4,068 |
| La Plata County | $678,547 | 0.26% | $3,965 |
| Broomfield County | $613,654 | 0.6% | $4,150 |
| Chaffee County | $686,577 | 0.29% | $3,978 |
| Jefferson County | $606,904 | 0.48% | $4,085 |
| Douglas County | $694,570 | 0.55% | $4,123 |
| Garfield County | $704,470 | 0.42% | $4,049 |
| Boulder County | $706,773 | 0.53% | $4,109 |
| Gunnison County | $723,157 | 0.29% | $3,980 |
| Archuleta County | $565,035 | 0.35% | $4,014 |
| Grand County | $742,708 | 0.34% | $4,010 |
48 of 62 Colorado counties tracked by Zillow have a typical home value at or below $650K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $650K house in Colorado?
About $4,104 a month with 20% down at 7.11%: $3,498 principal and interest, $281 property tax and $325 insurance.
How much do I need to make to buy a $650K house in Colorado?
About $175,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $3,373 a year. Rates vary by county and city — see the county pages.