Mortgage Calculator & Closing Costs: Fort Collins, CO
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fort Collins, Colorado.
Median Home Price
$525K
Population
170K
Avg Monthly Rent
$1,680
Property Tax Rate
0.51% *
* Property tax shown is the Colorado state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Fort Collins.
Fort Collins vs Colorado Median
The median home price in Fort Collins is $525,000, which is roughly in line with the Colorado state median of $520,000.
Mortgage Calculator — Fort Collins, CO
Pre-filled with Fort Collins median home price and Colorado tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $525K home using Colorado's 0.51% tax rate and $3,200/yr insurance.
5% Down
$3,933/mo
Down: $26,250
Loan: $499K
P&I: $3,152
Tax: $223
Insurance: $267
PMI: $291
10% Down
$3,752/mo
Down: $52,500
Loan: $473K
P&I: $2,987
Tax: $223
Insurance: $267
PMI: $276
20% Down (No PMI)
$3,144/mo
Down: $105,000
Loan: $420K
P&I: $2,655
Tax: $223
Insurance: $267
Income needed (28% rule): $135K/year with 20% down, $161K/year with 10% down.
Rent vs Buy in Fort Collins
Rent
$1,680/mo
vs
Buy (10% down)
$3,752/mo
Price-to-rent ratio: 26.0 — At a ratio above 20, renting may be more economical in Fort Collins for shorter stays. Buying costs $2,072 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Fort Collins is $525,000, roughly in line with the Colorado state median of $520,000. With a population of 169,810, Fort Collins is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Fort Collins buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Fort Collins is $1,680/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fort Collins is a higher-cost market. At $525K median, buyers need significant savings or strong income. Down payment assistance through Colorado's CHFA Down Payment Assistance program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Fort Collins.