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Colorado Mortgage Calculator

Use this free Colorado mortgage calculator to estimate your monthly mortgage payments and annual amortization.

Loan details

%

Monthly payment

$2,085

at 6.71% · 30-year fixed

  • Principal & interest

    $1,550

  • Property taxes

    $375

  • Homeowners insurance

    $160

Loan amount

$240,000

Total interest paid

$318,093

Payoff date

—

YOU'RE KEEPING $30,135

$30,135

stays in your pocket

That's your total savings over 30 years at today's best rate on NerdWallet (6.71%) vs. the 7.23% national average — $84 less every month.

  • Today's best rate: 6.71%

  • Get your free rate with no credit impact

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No impact to your credit score

Calculated payments and savings are estimates. The calculator result does not constitute an offer for a loan and will not solicit a loan offer. Savings will depend on the actual amounts and rate for which you are approved, should you choose to apply.

Getting a Mortgage in Colorado

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Last updated November 19, 2025
The cost of a mortgage in Colorado depends heavily on location, with notable differences from county to county. For instance, the typical monthly mortgage payment for a median-priced home in Denver County was $3,765 in Q1 2025, based on a $642,382 home value, according to the National Association of Realtors.
Elsewhere in Colorado, you may find more affordable options. In Mesa County, home to Grand Junction, the typical payment was $2,381 for a median-priced home valued at $358,872.

Colorado mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate7.435%7.440%
20-year fixed-rate7.463%7.472%
15-year fixed-rate6.677%6.687%
10-year fixed-rate6.264%6.282%
7-year ARM6.984%6.912%
5-year ARM7.625%7.214%
30-year fixed-rate FHA5.422%6.152%
30-year fixed-rate VA6.700%7.050%
Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

7.440%

30-year fixed

Today's mortgage rates in Colorado are 7.440% for a 30-year fixed, 6.687% for a 15-year fixed, and 7.214% for a 5-year adjustable-rate mortgage (ARM).

Colorado's first-time home buyer programs

The Colorado Housing and Finance Agency, or CHFA, offers several loan programs to help qualified first-time home buyers get a mortgage.
» MORE: First-time home buyer programs by state

Average property tax by county

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Colorado. Because assessed values aren't frequently updated, you may pay a higher rate at first but eventually you'll pay a similar rate.

CountyAvg. property tax rateMedian home value
Adams County0.65%$483,200
Alamosa County0.51%$198,500
Arapahoe County0.57%$549,200
Archuleta County0.34%$432,400
Baca County0.45%$119,700
Bent County0.37%$110,700
Boulder County0.51%$743,700
Broomfield County0.69%$644,200
Chaffee County0.32%$514,900
Cheyenne County0.42%$166,300
Clear Creek County0.40%$506,900
Conejos County0.48%$154,500
Costilla County0.34%$145,200
Crowley County0.44%$92,700
Custer County0.30%$327,100
Delta County0.34%$291,400
Denver County0.47%$599,500
Dolores County0.38%$208,000
Douglas County0.57%$706,800
Eagle County0.38%$728,400
El Paso County0.45%$464,300
Elbert County0.47%$623,300
Fremont County0.40%$264,300
Garfield County0.40%$449,300
Gilpin County0.31%$465,300
Grand County0.29%$461,200
Gunnison County0.32%$530,300
Hinsdale County0.24%$369,200
Huerfano County0.25%$231,200
Jackson County0.23%$227,300
Jefferson County0.53%$636,200
Kiowa County0.70%$127,400
Kit Carson County0.53%$182,700
La Plata County0.28%$497,800
Lake County0.58%$331,000
Larimer County0.52%$540,400
Las Animas County0.30%$190,900
Lincoln County0.33%$238,000
Logan County0.50%$203,100
Mesa County0.39%$373,500
Mineral County0.41%$379,000
Moffat County0.49%$247,500
Montezuma County0.32%$282,500
Montrose County0.38%$314,100
Morgan County0.53%$277,400
Otero County0.41%$132,600
Ouray County0.28%$596,400
Park County0.38%$458,600
Phillips County0.46%$258,200
Pitkin County0.37%$912,300
Prowers County0.45%$120,200
Pueblo County0.55%$293,400
Rio Blanco County0.34%$231,800
Rio Grande County0.49%$202,300
Routt County0.30%$691,800
Saguache County0.47%$166,500
San Juan County0.28%$344,600
San Miguel County0.25%$561,400
Sedgwick County0.50%$136,000
Summit County0.31%$760,000
Teller County0.35%$405,500
Washington County0.47%$208,300
Weld County0.53%$456,100
Yuma County0.45%$201,500
Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, add your details to the following fields:
  1. Home price
  2. Down payment
  3. Interest rate
  4. Loan term (years)
After you enter this information, the calculator displays the monthly payment, as well as:
  • Total principal
  • Total interest payments
  • Payoff date
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Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association (HOA) fee, and monthly private mortgage insurance (PMI) premium.
To enter this information, click “Show Advanced Info” underneath the main loan details. Note that you'll enter the annual cost for property taxes and home insurance and the monthly cost for HOA fees and PMI premiums. The PMI field will only display if your down payment is less than 20%.
In the “Loan Estimate” window, select "Amortization Schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.
» MORE: What is mortgage amortization?

Explanation of terminology

  • Total monthly payment: An estimate of all your monthly housing costs, covering your loan principal, interest, taxes, insurance, and PMI.
  • Total principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.
  • Total interest payments: How much interest you would pay over the life of the loan.
  • Total loan payments: The entire amount of principal and interest paid, excluding taxes, insurance, and PMI.
  • Down payment: The portion of the home’s price you pay in cash upfront. 
  • Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
  • Loan term (years): The number of years you have to repay the mortgage. A longer term gives you a lower monthly payment, but you’ll pay more interest.
  • Start date: The month that your first mortgage payment is due.
  • Payoff date: The month your home will be fully paid off based on the loan term.
  • Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual property tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
  • Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual homeowners insurance premium each month, and the servicer pays the bill when it's due.
  • Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
  • Private mortgage insurance: If you get a conventional mortgage and put down less than 20%, you’ll have to pay a monthly PMI premium. It covers the lender if you default on the loan and can be canceled once you reach 20% equity. FHA loans require a similar fee called a mortgage insurance premium. 
If you're looking to see how much you could save by refinancing your mortgage, try NerdWallet's refinance calculator.
» MORE FOR CANADIAN READERS: Canada mortgage payment calculator
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