Mortgage on a $800K house in Colorado
$5,051 a month with 20% down — $4,305 principal and interest plus $346 property tax and $400 insurance.
Colorado's typical property tax is 0.52% of the home's value a year (U.S. average 0.9%), which adds $346 a month on a $800K home. The typical home in Colorado is worth $529,013, so $800K is 51% above the typical price.
$800K home in Colorado: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $160,000 | $640,000 | $4,305 | $0 | $746 | $5,051 | $216,500 |
| 10% down | $80,000 | $720,000 | $4,843 | $300 | $746 | $5,889 | $252,400 |
| 5% down | $40,000 | $760,000 | $5,113 | $317 | $746 | $6,175 | $264,600 |
| 3.5% down (FHA) | $28,000 | $785,510 | $5,284 | $354 | $746 | $6,384 | $273,600 |
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 $800K buy a typical home?
In these counties the typical home value is within 15% of $800K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Ouray County | $791,603 | 0.28% | $4,890 |
| Grand County | $742,708 | 0.34% | $4,935 |
| Gunnison County | $723,157 | 0.29% | $4,898 |
| Boulder County | $706,773 | 0.53% | $5,058 |
| Garfield County | $704,470 | 0.42% | $4,983 |
| Douglas County | $694,570 | 0.55% | $5,074 |
| Chaffee County | $686,577 | 0.29% | $4,896 |
57 of 62 Colorado counties tracked by Zillow have a typical home value at or below $800K. See all Colorado home prices.
Other prices in Colorado
Frequently asked questions
What is the mortgage on a $800K house in Colorado?
About $5,051 a month with 20% down at 7.11%: $4,305 principal and interest, $346 property tax and $400 insurance.
How much do I need to make to buy a $800K house in Colorado?
About $216,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $800K house in Colorado?
At Colorado's typical effective rate of 0.52%, about $4,151 a year. Rates vary by county and city — see the county pages.