Colorado Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Colorado (CO). The median home price in Colorado is $582,000, with an effective property tax rate of 0.49% (ranked #49 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Colorado data.

Colorado Property Tax Information

Colorado has an effective property tax rate of 0.49%, ranking #49 among all 50 states. The median annual property tax is $2,448 ($204/month). Source: Tax Foundation 2025.

Colorado Loan Limits 2026

FHA loan limit in Colorado: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Colorado has designated high-cost areas with higher limits.

Estimated Monthly Payment in Colorado

For a median-priced home of $582,000 with 20% down ($116,400), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,943, plus $204 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $3,272/month.

Colorado Closing Costs

Average closing costs in Colorado are $3,479 (0.59% of purchase price), ranked #29 nationally. Colorado charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Colorado Housing Market 2026

Home prices in Colorado have increased 0.8% year-over-year. Average days on market: 35. Inventory level: moderate. Currently considered a seller's market.

Down Payment Assistance Programs in Colorado

Colorado offers 2 down payment assistance programs through Colorado Housing and Finance Authority (CHFA):

  • CHFA Down Payment Assistance Grant (grant): No repayment required. Must complete homebuyer education. - Up to Up to 3% of first mortgage ($25,000 max)
  • CHFA Second Mortgage (forgivable loan): Forgivable over time. Requires 1% contribution from own funds. - Up to Up to 4% ($25,000 max)

Contact CHFA: https://www.chfainfo.com | Phone: 303-297-2432

Did You Know About Colorado?

  • 31+ agencies offer DPA programs across Colorado
  • Residential assessment rate is one of the lowest in the nation at 6.7%
  • Resort areas (Aspen, Vail) have loan limits at the ceiling
  • Denver metro is consistently ranked among top housing markets

Frequently Asked Questions About Buying a Home in Colorado

What is the average property tax rate in Colorado?

The effective property tax rate in Colorado is 0.49%, with a median annual tax of $2,448. This ranks #49 among all states.

What are the FHA loan limits in Colorado for 2026?

The FHA loan floor in Colorado is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Colorado?

Average closing costs in Colorado are $3,479, which is approximately 0.59% of the purchase price.

Are there first-time homebuyer programs in Colorado?

Yes, Colorado offers 2 down payment assistance programs through Colorado Housing and Finance Authority, including grants, forgivable loans, and second mortgages.

Is Colorado a good place to buy a home in 2026?

With a median home price of $582,000 and moderate inventory, Colorado is currently a seller's market. Home prices have increased 0.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.