Colorado mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in Colorado. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Colorado housing market

In Colorado, The Centennial State, you might think that housing affordability is a ...crisis from the news. However Coloradans still only spend ~21% of incomes on housing costs, roughly equal to the national average. For new home buyers, prices are definitely increasing. Denver is among the "hottest" cities in terms of the increase in average home price in recent years, rising 8% last year.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,012$1,450
Mortgage Rate4.125%2.281%*3.015%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,012$1,450
Mortgage Rate4.125%2.281%*3.015%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


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Colorado mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate3.070%3.146%
20-year fixed-rate2.779%2.876%
15-year fixed-rate2.243%2.393%
10-year fixed-rate1.999%2.120%
7/1 ARM2.464%2.805%
5/1 ARM2.364%2.750%
30-year fixed-rate FHA2.375%3.112%
30-year fixed-rate VA2.495%2.775%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Colorado are 3.146% for a 30-year fixed, 2.393% for a 15-year fixed, and 2.750% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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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.

CHFA FirstStep loan

State program

Review CHFA Lenders

at NerdWallet

Best for

No credit score

Down payment assistance

What you need to know

By pairing a 30-year, fixed-rate loan with down payment and closing cost assistance, the FirstStep program makes it easier to buy a home. You must be a first-time home buyer or qualified veteran or purchase in a targeted area to be eligible for the FirstStep program. You’ll need a 620 credit score...

See full article

Colorado's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in Colorado.

See full article

Average property tax in Colorado counties

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.

Avg. property tax rate
Avg. home value
Adams County0.73%$308,400
Alamosa County0.62%$152,900
Arapahoe County0.66%$366,300
Archuleta County0.38%$274,000
Baca County0.5%$79,800
Bent County0.56%$77,700
Boulder County0.57%$504,800
Broomfield County0.78%$416,600
Chaffee County0.36%$313,200
Cheyenne County0.63%$90,000
Clear Creek County0.44%$317,000
Conejos County0.52%$113,100
Costilla County0.37%$114,200
Crowley County0.56%$79,700
Custer County0.24%$248,300
Delta County0.39%$206,200
Denver County0.55%$395,100
Dolores County0.37%$122,000
Douglas County0.68%$468,900
Eagle County0.43%$471,100
Elbert County0.51%$380,000
El Paso County0.53%$272,000
Fremont County0.44%$160,000
Garfield County0.44%$323,800
Gilpin County0.31%$301,700
Grand County0.42%$285,000
Gunnison County0.41%$313,900
Hinsdale County0.37%$325,400
Huerfano County0.41%$137,400
Jackson County0.33%$171,300
Jefferson County0.63%$408,100
Kiowa County0.59%$83,200
Kit Carson County0.62%$130,200
Lake County0.56%$197,600
La Plata County0.3%$356,700
Larimer County0.59%$359,800
Las Animas County0.28%$145,900
Lincoln County0.43%$132,100
Logan County0.59%$148,700
Mesa County0.46%$226,400
Mineral County0.42%$279,000
Moffat County0.54%$169,200
Montezuma County0.38%$197,900
Montrose County0.46%$202,500
Morgan County0.58%$162,900
Otero County0.5%$91,800
Ouray County0.35%$420,600
Park County0.44%$262,300
Phillips County0.94%$132,600
Pitkin County0.34%$593,600
Prowers County0.52%$94,400
Pueblo County0.67%$163,300
Rio Blanco County0.35%$201,000
Rio Grande County0.49%$143,000
Routt County0.37%$460,600
Saguache County0.54%$150,100
San Juan County0.37%$269,400
San Miguel County0.31%$485,000
Sedgwick County0.52%$91,500
Summit County0.36%$547,700
Teller County0.49%$261,100
Washington County0.55%$120,300
Weld County0.58%$295,100
Yuma County0.49%$148,800

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: