CALCMONEY // MORTGAGE // CO // COLORADO SPRINGS
Calculate your monthly mortgage payment using Colorado Springs-specific property tax rates and local market data.
$445,000
6.9%
0.53%
98
| Principal & Interest | $2,345 |
| Property Tax | $197 |
| Homeowners Insurance (est.) | $148 |
| Total Monthly Payment (PITI) | $2,689 |
$89,000
$488,062
$115,264/yr
The median home price in Colorado Springs is $445,000, above the national median of $420,000. With a median household income of $72,000, the price-to-income ratio is 6.2x — meaning buyers typically spend 6.2 years of gross income on the purchase price.
Property taxes in Colorado Springs run 0.53% of assessed value. On the median home, that is $2,359 per year, or $197 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Colorado Springs homeowners a meaningful property tax advantage.
Colorado has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Colorado Springs is 98 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $356,000 loan saves $16,020 in interest over 30 years.
Compare Top Colorado Springs Mortgage Lenders