Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Colorado Springs mortgage calculator
A median-priced Colorado Springs, CO home at 6.75% over 30 years, with Colorado property tax of 0.51% and $3,100 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,350 a month, all in
Principal and interest are $2,704; escrow and PMI add the rest. Over the full term the loan costs $556,575 in interest. Discounted at 5%, buying here has a net present value of $26,067 ($304,030 in today’s dollars).
Within Colorado, Colorado Springs is the cheapest of the 6 Colorado markets covered here — Boulder runs about 2.06x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
The price-to-rent ratio here is 20.4 ($463,250 to buy, $1,890 a month to rent), which is high. Renting and investing the deposit is a genuine alternative in Colorado Springs, not a fallback position.
Colorado Springs is cheaper than Colorado as a whole — $463,250 against a state median of $545,000, roughly 15% below. On a 20% deposit that is $16,350 less to find up front.
Monthly cost in Colorado Springs vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $463,250 |
|---|---|
| Down payment (10%) | $46,325 |
| Loan amount | $416,925 |
| Principal & interest | $2,704/mo |
| Property tax (0.51%) | $197/mo |
| Homeowners insurance | $258/mo |
| PMI while above 80% LTV | $191/mo |
| Total monthly payment | $3,350/mo |
| Comparable rent | $1,890/mo |
What a rate move does to the Colorado Springs payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,367/mo |
| 6% | $2,500/mo |
| 6.5% | $2,635/mo |
| 7% | $2,774/mo |
| 7.5% | $2,915/mo |
| 8% | $3,059/mo |
Rent or buy in Colorado Springs?
Against $1,890 a month in rent, over 7 years renting leaves you about $90,391 better off — $76,042 once 2.5% inflation is stripped out. See the Colorado rent-vs-buy page.
Where these numbers come from
Colorado medians come from editorial and are refreshed weekly. The Colorado Springs figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.