Mortgage Calculator — Estimate Your Monthly Payment

Use this simple mortgage calculator to estimate your monthly payment, including taxes and insurance. A helpful tool for first-time buyers, military families, and anyone planning a move to Colorado Springs or the surrounding areas.

One of the most important numbers to understand before buying a home is your monthly mortgage payment. In Colorado Springs, Monument, and Castle Rock, home prices can vary widely, and so can your final payment once taxes, insurance, and HOA fees are factored in. The goal is simple: know your numbers upfront so there are no surprises later.

Your monthly payment is made up of four core components — principal, interest, taxes, and insurance. Depending on the type of loan you use, you may also see mortgage insurance (PMI) or funding fees for VA loans. Each of these can affect your payment more than you might expect. For example, Castle Rock may have higher home values, which can shift your payment higher even if interest rates stay the same. Colorado Springs has a mix of older and newer homes, so taxes and HOA fees can vary significantly by neighborhood.

This mortgage calculator helps you instantly see how different interest rates, home prices, and down payments affect your monthly budget. If you’re early in the process, it’s a great way to compare different scenarios and understand what’s comfortable for you.

For first-time buyers, military buyers, and anyone relocating to the area, this tool provides clarity during a time when a lot of decisions need to be made quickly. VA buyers benefit from reduced closing costs and no PMI, which can shift affordability dramatically — and I can walk you through how that impacts your numbers.

Once you know your estimated payment, the next step is connecting that number to specific neighborhoods, home types, and opportunities. Every buyer’s situation is different, and a personalized strategy can save you money, reduce stress, and help you secure the right home at the right price.