Mortgage on a $700K house in Colorado
$4,420 a month with 20% down — $3,767 principal and interest plus $303 property tax and $350 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $303 a month on a $700K home. The typical home in Colorado is worth $529,013, so $700K is 32% above the typical price.
$700K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $140,000 | $560,000 | $3,767 | $0 | $653 | $4,420 | $189,400 |
| 10% down | $70,000 | $630,000 | $4,238 | $263 | $653 | $5,153 | $220,900 |
| 5% down | $35,000 | $665,000 | $4,473 | $277 | $653 | $5,403 | $231,600 |
| 3.5% down (FHA) | $24,500 | $687,321 | $4,624 | $310 | $653 | $5,586 | $239,400 |
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 $700K buy a typical home?
In these counties the typical home value is within 15% of $700K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Garfield County | $704,470 | 0.42% | $4,360 |
| Douglas County | $694,570 | 0.55% | $4,440 |
| Boulder County | $706,773 | 0.53% | $4,426 |
| Chaffee County | $686,577 | 0.29% | $4,284 |
| La Plata County | $678,547 | 0.26% | $4,270 |
| Gunnison County | $723,157 | 0.29% | $4,286 |
| Elbert County | $675,289 | 0.45% | $4,381 |
| Grand County | $742,708 | 0.34% | $4,318 |
| Broomfield County | $613,654 | 0.6% | $4,469 |
| Ouray County | $791,603 | 0.28% | $4,279 |
| Jefferson County | $606,904 | 0.48% | $4,399 |
52 of 62 Colorado counties tracked by Zillow have a typical home value at or below $700K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $700K house in Colorado?
About $4,420 a month with 20% down at 7.11%: $3,767 principal and interest, $303 property tax and $350 insurance.
How much do I need to make to buy a $700K house in Colorado?
About $189,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $700K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $3,632 a year. Rates vary by county and city — see the county pages.