Denver, CO variant. This is a Denver, CO-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Denver's $575,000 median home and 0.51% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Denver
On the $575,000 median home with 20% down ($115,000), you'd finance $460,000. At 6.5% over 30 years, P&I ≈ $2,908/month.
Add Denver's 0.51% property tax (≈ $244/month) plus insurance for the all-in payment.
About Denver, CO
Denver imposes a small flat occupational privilege tax on workers, in addition to Colorado state income tax.
Denver's housing market has grown significantly, with home prices and rents rising as the metro draws new residents.
Denver's economy spans aerospace, energy, technology, and outdoor recreation, supported by its role as a regional hub for the Mountain West.
Worked example: $575,000 Denver home
Loan $460,000 at 6.5% for 30 years → $2,908/mo P&I. Property tax ≈ $244/mo. Total before insurance ≈ $3,152/mo.
Quick reference
- Median home value: $575,000
- Median rent: $2,050/mo
- Median household income: $92,330
- Local sales tax: 8.81%
- Effective property tax rate: 0.51%
- Cost of living index: 128 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Denver?
About $2,908/month P&I on the $575,000 median home with 20% down at 6.5%.
What is the property tax rate in Denver?
About 0.51% of home value per year.