CALCMONEY // MORTGAGE // CO // LAKEWOOD
Calculate your monthly mortgage payment using Lakewood-specific property tax rates and local market data.
$490,000
6.9%
0.51%
108
| Principal & Interest | $2,582 |
| Property Tax | $208 |
| Homeowners Insurance (est.) | $163 |
| Total Monthly Payment (PITI) | $2,953 |
$98,000
$537,417
$126,570/yr
Buying the median home in Lakewood means financing $490,000. Against the area's $78,000 median household income, that works out to a 6.3x price-to-income ratio.
Property taxes in Lakewood run 0.51% of assessed value, below the 1.1% national average. On the median home, that's $2,499 a year, or $208 added to the monthly payment.
Unlike the nine no-income-tax states, Colorado taxes wage income. Worth running your actual take-home pay against the $2,953/month payment here before locking in a target price.
Day-to-day expenses in Lakewood track at 108 against the national 100 baseline, above average once you look past the mortgage payment itself.
Lakewood's median home price runs 14% lower than nearby Denver: $570,000 there versus $490,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $392,000 loan saves $17,640 in interest over 30 years.
Compare Top Lakewood Mortgage LendersDenver
$570,000 median
COColorado Springs
$445,000 median
COAurora
$480,000 median
COFort Collins
$530,000 median