Colorado only · License-verified agents · Free for buyers and sellers
Tools
A clean monthly-payment estimate with Colorado-specific defaults baked in: roughly 0.5% effective property tax, a $1,500-a-year homeowners insurance baseline, and PMI applied when your down payment is under twenty percent.
Estimated monthly payment
$2,862
Loan amount $400,000 · Down $100,000
Estimate only. Excludes closing costs, escrow shortages, and lender points. A Colorado agent in our network can introduce you to a local lender for a real rate quote.
Reading the result
PMI
If your down payment is below 20%, lenders typically require Private Mortgage Insurance (PMI) — about 0.5% of the loan amount per year. On a $500k loan that's roughly $208/mo of pure overhead. PMI drops off automatically once you reach 22% equity, but the early-year cost is real.
Property tax
Effective property tax in Colorado averages near 0.5% of home value — among the lowest in the country. Mill levies vary by county and special districts, so a Front Range home and a mountain-corridor home of the same price can carry different bills. We use 0.5% as a reasonable midpoint.
Estimate only
Closing costs, lender points, escrow shortages, and HOA initiation fees are excluded. Rate quotes also vary by credit score, debt-to-income, and loan type. Treat this number as a directional estimate — a vetted local lender will give you the real one.
From estimate to introduction
A vetted local agent calls within five minutes — they'll loop in a lender who quotes against your actual credit profile, not a national average.