Watcharu Finance

Denver, CO mortgage & affordability calculator

The typical home in Denver, CO is worth about $580,000. With 20% down that's a loan near $464,000 — the calculator is pre-filled with that figure. Denver's run-up has flattened as inventory recovered. Property taxes are very low as a share of value, but hail is a major insurance factor along the Front Range, so premiums have climbed sharply.

$3,012.58 / month

Total interest
$620,529
Total paid
$1,084,529
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$116k$232k$348k$464k0612182430Year

How much you need to earn

Denver, CO's median household income is about $92,000 a year. Under standard 28/36 lending rules that supports a home price around $377,322 with 20% down — below the $580,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$377,336 max home price

Max loan amount
$261,336
Housing payment budget
$2,147
P&I budget
$1,697
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Denver, CO is about $1,900 a month, so owning the median home costs roughly $1,563 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Denver, CO?
On the metro's roughly $580,000 typical home with 20% down, the loan is about $464,000. Principal and interest run near $3,013 a month at today's rate, and Denver, CO's property tax plus insurance add about $450, for a full payment near $3,463.
Can I afford a home in Denver, CO on the median income?
The median household income is about $92,000 a year. Under standard 28/36 lending rules that supports a home price around $377,322 with 20% down — below the $580,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Denver, CO?
Typical asking rent is about $1,900 a month. The full owner payment on a median home is near $3,463, so owning costs roughly $1,563 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Denver, CO?
The effective property tax rate in the core county is about 0.50% of market value — roughly $2,900 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Denver, CO rising or falling?
Home values are roughly flat over the past year. Denver's run-up has flattened as inventory recovered. Property taxes are very low as a share of value, but hail is a major insurance factor along the Front Range, so premiums have climbed sharply.

Nearby metros

← All Colorado mortgage figures

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