How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will decrease by approximately $1,780 per month ($21,360/year) when you move from California to Colorado.
If you sell your median-priced California home ($785K) and buy in Colorado ($520K):
Your California equity covers the 20% down payment on a median Colorado home with $132K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move saves you approximately $214K in housing costs alone.
Your dollar stretches further in Colorado. The median home costs 34% less than in California, which translates to a $265K difference in purchase price. This means a smaller loan, a lower monthly payment, and less total interest paid over the life of your mortgage.
Insurance will cost you more in Colorado — $3,200/year compared to $2,200/year in California. That's an extra $1,000 annually ($83/month). High premiums are driven by severe weather risk in the region.
When you buy in Colorado, expect about $7K in closing costs (1.4% of purchase price). This includes a 0.01% transfer tax. Budget for this amount on top of your down payment.
Colorado's CHFA Down Payment Assistance offers Up to $25,000 second mortgage. If you haven't owned a home in three years (or are buying in Colorado for the first time), you may qualify. Check eligibility requirements and income limits on Colorado's housing finance agency website.