CALCMONEY // MORTGAGE // CO // LAKEWOOD
Calculate your monthly mortgage payment using Lakewood-specific property tax rates and local market data.
$490,000
6.9%
0.51%
108
| Principal & Interest | $2,582 |
| Property Tax | $208 |
| Homeowners Insurance (est.) | $163 |
| Total Monthly Payment (PITI) | $2,953 |
$98,000
$537,417
$126,570/yr
The median home price in Lakewood is $490,000, above the national median of $420,000. With a median household income of $78,000, the price-to-income ratio is 6.3x — meaning buyers typically spend 6.3 years of gross income on the purchase price.
Property taxes in Lakewood run 0.51% of assessed value. On the median home, that is $2,499 per year, or $208 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Lakewood 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 Lakewood is 108 (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 $392,000 loan saves $17,640 in interest over 30 years.
Compare Top Lakewood Mortgage LendersDenver
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COFort Collins
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