Denver Mortgage Calculator
Estimate your monthly mortgage payment in Denver, CO. On the local median home value of $555,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $3,236. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$2,806
- Property Tax$254
- Home Insurance$175
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $33,677 | $4,963 | $28,714 | $439,037 |
| 2 | $33,677 | $5,295 | $28,382 | $433,742 |
| 3 | $33,677 | $5,650 | $28,027 | $428,093 |
| 4 | $33,677 | $6,028 | $27,649 | $422,065 |
| 5 | $33,677 | $6,432 | $27,245 | $415,633 |
| 6 | $33,677 | $6,863 | $26,814 | $408,770 |
| 7 | $33,677 | $7,322 | $26,354 | $401,448 |
| 8 | $33,677 | $7,812 | $25,864 | $393,636 |
| 9 | $33,677 | $8,336 | $25,341 | $385,300 |
| 10 | $33,677 | $8,894 | $24,783 | $376,406 |
| 11 | $33,677 | $9,490 | $24,187 | $366,916 |
| 12 | $33,677 | $10,125 | $23,551 | $356,791 |
| 13 | $33,677 | $10,803 | $22,873 | $345,988 |
| 14 | $33,677 | $11,527 | $22,150 | $334,461 |
| 15 | $33,677 | $12,299 | $21,378 | $322,163 |
| 16 | $33,677 | $13,122 | $20,554 | $309,040 |
| 17 | $33,677 | $14,001 | $19,675 | $295,039 |
| 18 | $33,677 | $14,939 | $18,738 | $280,100 |
| 19 | $33,677 | $15,939 | $17,737 | $264,161 |
| 20 | $33,677 | $17,007 | $16,670 | $247,154 |
| 21 | $33,677 | $18,146 | $15,531 | $229,008 |
| 22 | $33,677 | $19,361 | $14,315 | $209,647 |
| 23 | $33,677 | $20,658 | $13,019 | $188,989 |
| 24 | $33,677 | $22,041 | $11,635 | $166,948 |
| 25 | $33,677 | $23,517 | $10,159 | $143,430 |
| 26 | $33,677 | $25,092 | $8,584 | $118,338 |
| 27 | $33,677 | $26,773 | $6,904 | $91,565 |
| 28 | $33,677 | $28,566 | $5,111 | $62,999 |
| 29 | $33,677 | $30,479 | $3,198 | $32,520 |
| 30 | $33,677 | $32,520 | $1,156 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Denver (about $555,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Colorado's average effective rate of 0.55%. Within Colorado, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Denver. At $555,000 with a 20% down payment, you'd bring $111,000 to closing (plus closing costs) and take out a $444,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $2,806.
Annual costs on top of the loan. Colorado's average property tax rate is 0.55%, so a median-priced Denver home generates approximately $3,053 in annual property tax (about $254/mo when paid through escrow). Homeowner's insurance in Colorado averages around $2,100/year.
Total monthly payment (PITI) on the median Denver home works out to about $3,236 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Colorado-specific property taxes, see the Colorado Property Tax Calculator.