🧐 Thinking about Moving to Denver Colorado?🏔 📲 Call or text us: 720-548-2012 📧 Email: ethan@gwiltgroup.com 📆 Let’s Set An Appointment: linktr.ee/ethanaltshuler
To be fair, you cannot afford a $695k house on $75k income at 7% interest - even with 20% down. Not happening. With the mortgage calculators I've used, you're looking at about $320k range. My current house has a $550k mortgage (we put more than 20% down, so the actual value is higher) - I'm refinancing to 7% conventional loan and the payment will be about $4650/month all inclusive. I make a great income (IT services) and I still find it painful although the mortgage calculators say I'm well within my affordability range. So, Colorado state income tax will be higher for those able to actually afford the median home in Denver. I live in Colorado Springs - so my house is on the nicer side for my city but there are still hundreds of homes in my price range (or higher) in my neighborhood. I know my house would be $150k+ more in the Denver area - well over $1 million some places like Golden or Boulder. Granted, you can't find a home with a prefect view of Pikes Peak anywhere in the Denver metro. Colorado is expensive, but (at least for me) worth it. I have lived in the southeast most of my life - so I'm familiar with the Houston climate. We relocated here from Orlando. Orlando and Denver are probably a better comparison since they are both similar in size. In general, Colorado offers better outdoor living/activities than most of the southeast. The southeast is better if you are a homebody and prefer a larger home for the money to then spend on air-conditioning.
🧐 Thinking about Moving to Denver Colorado?🏔
📲 Call or text us: 720-548-2012
📧 Email: ethan@gwiltgroup.com
📆 Let’s Set An Appointment: linktr.ee/ethanaltshuler
To be fair, you cannot afford a $695k house on $75k income at 7% interest - even with 20% down. Not happening. With the mortgage calculators I've used, you're looking at about $320k range. My current house has a $550k mortgage (we put more than 20% down, so the actual value is higher) - I'm refinancing to 7% conventional loan and the payment will be about $4650/month all inclusive. I make a great income (IT services) and I still find it painful although the mortgage calculators say I'm well within my affordability range.
So, Colorado state income tax will be higher for those able to actually afford the median home in Denver.
I live in Colorado Springs - so my house is on the nicer side for my city but there are still hundreds of homes in my price range (or higher) in my neighborhood. I know my house would be $150k+ more in the Denver area - well over $1 million some places like Golden or Boulder. Granted, you can't find a home with a prefect view of Pikes Peak anywhere in the Denver metro.
Colorado is expensive, but (at least for me) worth it. I have lived in the southeast most of my life - so I'm familiar with the Houston climate. We relocated here from Orlando. Orlando and Denver are probably a better comparison since they are both similar in size. In general, Colorado offers better outdoor living/activities than most of the southeast. The southeast is better if you are a homebody and prefer a larger home for the money to then spend on air-conditioning.