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Rent vs. Buy Calculator for Denver, Colorado

Make informed decisions about real estate in Denver with our precise calculator tools.

Input Details

Monthly PITI

$2,723

Principal, Interest, Taxes & Insurance

Monthly Rent

$2,500

Current estimated rent

5-Year Financial Comparison

Total Spent Over 5 Years

Total Rent$150,000
Total Mortgage Payments$163,357

Note: While mortgage payments might be higher, a portion of it builds equity.

Equity Built (Principal)$20,445
COST SPLITHover Slices
Rent Paid48%
Mortgage Interest32%
Property Taxes11%
Insurance2%
Principal (Equity)7%

Frequently Asked Questions

Is it better to rent or buy in Denver right now?

The decision to rent or buy in Denver, Colorado depends on your current interest rate, property tax rate, and how long you plan to stay. Use our calculator above to compare the exact 5-year cost of renting versus building equity through a mortgage in the local Denver market.

How much down payment do I need for a house in Denver?

While the traditional down payment is 20%, many lenders in Colorado offer conventional loans for as little as 3-5% down, and FHA loans at 3.5%. Keep in mind that putting down less than 20% in Denver will usually require Private Mortgage Insurance (PMI).