Mortgage Affordability Calculator Colorado Springs, CO
How much house can you afford in Colorado Springs? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.
Updated · current rates and lending limits
Add your partner's income if you're buying together.
Car loans, credit cards, lines of credit, student loans. Not rent.
Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
|---|
Blue Spot Home Loans, Colorado Springs Branch, NMLS #2185181
4.9 · 802 reviews · Free pre-approval
Get pre-approved →
719 Lending
5.0 · 722 reviews · Free pre-approval
Get pre-approved →
Integrity Mortgage & Financial Inc.
4.9 · 554 reviews · Free pre-approval
Get pre-approved →
An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Top-rated mortgage brokers in Colorado Springs
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
Blue Spot Home Loans, Colorado Springs Branch, NMLS #2185181
Blue Spot Home Loans specializes in new build mortgage financing and serves as the trusted lender for Blue Spot Homes, offering tailored loan options including FHA, VA, and Jumbo loans. The team is noted for clear communication and weekend availability, with bilingual support for Spanish speakers, though some clients may find the process detailed.
719 Lending
719 Lending is known for its attentive and responsive team that guides clients through the mortgage process with patience and clear communication. They offer mortgage brokerage services focused on making loan approval smoother and less stressful. Customers often note the team’s helpfulness and timely support throughout the experience.
Integrity Mortgage & Financial Inc.
With over two decades of experience and an A+ BBB rating, Integrity Mortgage & Financial Inc. offers a wide range of home loan options including VA, FHA, USDA, Conventional, and Jumbo loans. Their team is known for clear communication and local market expertise, helping clients navigate the mortgage process with personalized support and timely updates.
Guild Mortgage Company
With a history dating back to 1960, Guild Mortgage offers a wide range of loan options including VA, FHA, Jumbo, and renovation loans. Their local loan officers provide personalized guidance and clear communication, helping clients navigate the mortgage process smoothly. Customers often note the team’s responsiveness and expertise throughout transactions.
Affinity Mortgage Brokers
Veteran-owned with over 100 years of combined experience, Affinity Mortgage Brokers focuses on simplifying the loan process for home purchases and refinancing, including VA and jumbo loans. Clients appreciate their clear communication and efficiency, though a few note varied experiences with customer service.
Colorado Mortgage Company
With nearly 15 years of experience, this team focuses on clear communication and client education to help borrowers feel confident throughout the lending process. They offer mortgage brokerage services designed to simplify home buying, and customers appreciate their professionalism and friendly guidance. Some may find the process detailed, but the team’s thoroughness helps ease concerns.
Low Cost Mortgage
Known for offering some of the lowest mortgage rates and closing costs, Low Cost Mortgage specializes in VA, FHA, conventional, and renovation loans, along with financing options for business owners and investors. Customers appreciate the team’s clear communication and fast turnaround, though the process can feel brisk for those preferring a slower pace.
Front Range Mortgage
Specializing in VA mortgages and other tailored loan options, Front Range Mortgage focuses exclusively on Colorado clients, including veterans. Their services cover a wide range of mortgage needs, from first-time homebuyer guidance to refinancing and debt consolidation. Customers appreciate the team’s clear communication and responsiveness, though occasional external delays can occur.
Fidelity Mortgage Solutions
Known for clear communication and personalized guidance, Fidelity Mortgage Solutions helps clients navigate mortgages from preapproval to closing with transparency. They offer a variety of loan options, including VA and FHA programs, and are praised for their responsiveness and thorough explanations, though experiences with communication can vary.
Colorado Springs Mortgage Statistics
Home-purchase lending in El Paso County and home costs in Colorado Springs, CO (latest HMDA and Census data)Lenders made 11,521 home-purchase loans in El Paso County in 2025 (average about $441,000) and denied 1,069 — 8% of decided applications, compared with 10% across Colorado, according to federal mortgage data (HMDA, CFPB). In Colorado Springs, the median home is worth $452,600 and 70% of owners have a mortgage, paying a median $2,063 a month (Census ACS 2020–2024).
- Home-purchase loans, 2025
- 11,521▲ 2%11,343 in 2024
- Denial rate
- 8%CO 10%
- Median home value
- $452,600CO $539,400
- Monthly cost with a mortgage
- $2,063median · CO $2,326
- Refinance loans made (El Paso County, 2025)
- 7,079 · 4,860 in 2024
- Home-improvement loans made (2025)
- 1,754
- Average home-purchase loan
- $441,000 (CO $511,000)
- Owners with a mortgage
- 70% · 30% of them spend 30%+ of income on housing
- Median household income
- $84,818 (CO $95,470)
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in El Paso County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
| # | Business | Rating | Reviews | Starting price | Phone | Website |
|---|---|---|---|---|---|---|
| 1 | Blue Spot Home Loans, Colorado Springs Branch, NMLS #2185181 | 4.9 | 802 | Quoted per loan | (719) 277-9229 | Visit |
| 2 | 719 Lending | 5.0 | 722 | — | (719) 888-5253 | Visit |
| 3 | Integrity Mortgage & Financial Inc. | 4.9 | 554 | Quoted per loan | (719) 638-0531 | Visit |
| 4 | Guild Mortgage Company | 4.9 | 288 | — | (719) 266-8183 | Visit |
| 5 | Affinity Mortgage Brokers | 5.0 | 85 | $100 | (719) 425-4221 | Visit |
| 6 | Colorado Mortgage Company | 5.0 | 71 | — | (719) 357-6601 | Visit |
| 7 | Low Cost Mortgage | 5.0 | 54 | — | (719) 362-0439 | Visit |
| 8 | Front Range Mortgage | 4.4 | 44 | Quoted per loan | (719) 540-2020 | Visit |
| 9 | Fidelity Mortgage Solutions | 4.8 | 33 | Quoted per loan | (719) 886-2752 | Visit |
| 10 | Springs Home Mortgage | 5.0 | 24 | — | (719) 470-0898 | Visit |
How this Colorado Springs mortgage affordability calculator works
Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.
Colorado rules and numbers this calculator uses
- Debt-to-income
- 31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
- Down payment
- At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
- Property tax
- About 0.52% of the home's value a year, the Colorado average for owner-occupied homes (2024 Census ACS).
- Insurance
- Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
- Rate
- Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.
An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.
Frequently asked questions
9 questionsHow does the mortgage affordability calculator work?
How accurate is the mortgage affordability estimate?
What is the debt-to-income ratio for a mortgage?
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What are property taxes like in Colorado Springs?
What's the difference between pre-approval and pre-qualification?
What does a mortgage broker do?
General information, not financial advice — consult a qualified professional.