Current Mortgage Rates in Colorado Springs

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.669%	1.773	$2,966
VA 30-Year Fixed	6.625%	7.036%	2.207	$2,896
Conventional 15-Year Fixed	6.500%	6.943%	2.084	$3,675
Conventional 30-Year Fixed	7.125%	7.378%	1.797	$2,984
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,327

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.841%	2.295	$2,996
VA 30-Year Refinance	7.000%	7.304%	2.500	$2,967
Conventional 15-Year Refinance	6.750%	7.232%	2.417	$3,724
Conventional 30-Year Refinance	7.375%	7.637%	1.999	$3,044
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,407

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.669% APR and $2,966 monthly payment at 70% loan-to-value (LTV) and 1.773 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.036% APR and $2,896 monthly payment at 70% loan-to-value (LTV) and 2.207 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.943% APR and $3,675 monthly payment at 70% loan-to-value (LTV) and 2.084 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.378% APR and $2,984 monthly payment at 70% loan-to-value (LTV) and 1.797 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,327 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.42% effective rate for El Paso County, Colorado, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $5,423 for Colorado Springs, CO, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.841% APR and $2,996 monthly payment at 70% loan-to-value (LTV) and 2.295 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.304% APR and $2,967 monthly payment at 70% loan-to-value (LTV) and 2.500 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.232% APR and $3,724 monthly payment at 70% loan-to-value (LTV) and 2.417 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.637% APR and $3,044 monthly payment at 70% loan-to-value (LTV) and 1.999 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 19, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,407 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Colorado Springs, CO property taxes, and estimated homeowners insurance.

Colorado Springs housing market at a glance

September 2026 data

In Colorado Springs, homes are selling in about 81 days (13 slower than a year ago), sales are up 20.5% from last year, and about 28% of listings have had a price cut.

Median sale price

$484,900

$230 per sq. ft.

Homes sold

5,312

▲ 20.5% vs. 4,407 last year

Days on market

vs. 68 days last year

Homes for sale

4,857

294 new listings

Listings with a price cut

28%

1,337 of 4,857 listings

Source: Movoto Colorado Springs, CO market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Colorado Springs

Monthly payments on Colorado Springs's median home price of $484,900 (September 2026), at today's rates.

20% down · Conventional

$3,235/mo

Down payment: $96,980
Loan amount: $387,920
Rate: 7.125%
Principal & interest: $2,613
Est. property tax: $170
Est. homeowners insurance: $452

5% down · Conventional

$3,725/mo

Down payment: $24,245
Loan amount: $460,655
Rate: 7.125%
Principal & interest: $3,104
Est. property tax: $170
Est. homeowners insurance: $452

3.5% down · FHA

$3,749/mo

Down payment: $16,972
Loan amount: $476,117
Rate: 6.875%
Principal & interest: $3,128
Est. property tax: $170
Est. homeowners insurance: $452

Payments include principal, interest, estimated Colorado Springs property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Colorado Springs?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Colorado Springs property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Colorado Springs's $484,900 median home:

20% down · Conventional$3,235/mo payment $138,650/yrabout $11,554/mo before taxes

5% down · Conventional$3,725/mo payment $159,651/yrabout $13,304/mo before taxes

3.5% down · FHA$3,749/mo payment $160,690/yrabout $13,391/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $387,920 loan (the Colorado Springs median price with 20% down). Every 0.25% is worth about $65/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$2,357	$2,420	$2,484	$2,548	$2,613	$2,679

Ways to make a Colorado Springs home more affordable

Negotiate on price. About 28% of Colorado Springs listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 81 days to sell, 13 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $130 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Colorado Springs mortgage and home buying FAQs

What are mortgage rates in Colorado Springs today?

As of October 19, 2026, Lower’s 30-year fixed conventional rate in Colorado Springs is 7.125% (7.378% APR), and the 30-year FHA rate is 6.875% (7.669% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Colorado Springs?

On Colorado Springs’s $484,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $3,235 a month, including principal, interest, estimated Colorado Springs property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,749 a month before monthly mortgage insurance.

How much income do I need to buy a house in Colorado Springs?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $138,650 a year to buy Colorado Springs’s $484,900 median home with 20% down, or about $160,690 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Colorado Springs?

On the $484,900 median home, 20% down is $96,980, 5% down is $24,245, and the FHA minimum of 3.5% is $16,972. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Colorado Springs right now?

In September 2026, Colorado Springs homes sold in about 81 days, 13 days slower than a year earlier. 5312 homes sold, up from 4407 the year before, and about 28% of the 4857 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Colorado Springs?

On a $387,920 loan (the median Colorado Springs home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $65 a month, or about $782 a year.

How much are property taxes in Colorado Springs?

Lower estimates Colorado Springs property taxes at about 0.42% of a home’s value per year. On the $484,900 median home, that’s roughly $2,037 a year, or $170 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Colorado Springs from The Zebra; your quote will vary. Rates as of October 19, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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Colorado Springs Mortgage Rates Today