Quick answer
The median home in Denver costs $565K. With 20% down ($113K) at 7% for 30 years, the monthly payment is $3,007/month. Total interest paid over 30 years: $630,580.
Calculator · CO · 2026
Mortgage Calculator for Denver, CO (2026)
Pre-filled with Denver's median home price of $565K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Denver Mortgage Payment Scenarios
Median home price: $565K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $28,250 | $536,750 | $3,571 | $4,824 | $748,814 |
| 10% | $56,500 | $508,500 | $3,383 | $4,571 | $709,403 |
| 20% | $113,000 | $452,000 | $3,007 | $4,063 | $630,580 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Denver
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $565K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$565K home · 20% down ($452K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Denver?
The median home price in Denver is $565K. With 20% down and a 30-year loan at 7%, the monthly payment is $3,007. Adding estimated property taxes and insurance brings total monthly costs to approximately $3,572.
Is it cheaper to rent or buy in Denver?
A 2-bedroom rental in Denver averages $2,250/month. Buying the median $565K home with 20% down costs approximately $3,572/month (mortgage + taxes + insurance) — $1,322 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Denver?
Using the 28% housing rule, you need at least $129K–153K in annual gross income to comfortably afford the median $565K home in Denver with 20% down. You also need $113K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Denver?
CO has a state income tax rate of 4.4%. Property taxes vary by county but on a $565K home, expect $471–$942/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.