Cost of Ownership · Colorado
The true cost of owning a home in Colorado
For a median $539,400 home in Colorado, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$3,686/mo
PITI + PMI
True monthly cost
$4,136/mo
everything, incl. upkeep
The gap
+$450/mo
what approval leaves out
Effective property-tax rate
0.48%
Avg. homeowners premium
$2,079/yr
NFIP flood claims on record
5,778
Closing costs in Colorado
Median closing costs and lender origination charges on real home-purchase loans in Colorado, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$6,345
Typically $3,715–$11,736
Median origination charges
$3,716
Typically $1,460–$6,653
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,715 | $6,345 | $11,736 | 68,595 |
| All | $3,658 | $6,755 | $11,822 | 67,325 |
| < $250k | $3,267 | $4,460 | $6,840 | 7,090 |
| < $250k | $3,205 | $4,632 | $6,831 | 7,100 |
| $250k–$500k | $3,804 | $7,169 | $11,749 | 33,591 |
| $250k–$500k | $3,798 | $7,412 | $11,858 | 34,502 |
| $500k–$750k | $3,669 | $7,291 | $13,577 | 20,007 |
| $500k–$750k | $3,737 | $7,058 | $13,438 | 19,716 |
| > $750k | $3,777 | $5,258 | $12,472 | 8,198 |
| > $750k | $3,626 | $5,658 | $13,676 | 5,716 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Colorado
- What are the median closing costs in Colorado?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Colorado are about $6,345, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Colorado?
- The effective property-tax rate in Colorado is about 0.48%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Colorado?
- A median $539,400 home in Colorado costs about $4,136 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $3,686. Every figure is from public data.
These figures use Colorado's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Colorado ranks on property tax and insurance, or browse every state.