Mortgage Rates in Monument, Colorado — March 2026
Updated March 2026 | Based on Monument market data and regional lending conditions
Monument is a growing city in Colorado with a population of 7,691. The current 30-year fixed mortgage rate in Monument is 6.74%, which is 0.09% above the national average. With a median home price of $414,000 and a 20% down payment of $82,800, homebuyers can expect a monthly principal and interest payment of approximately $2,146.
Current Mortgage Rates in Monument, CO
Below are the current average mortgage rates available in the Monument area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Monument Housing Market Overview
The Monument housing market reflects moderate demand with prices near the national average. The median household income in Monument is $63,900, and the cost of living index is 94.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $99,643 to comfortably afford the median-priced home in Monument, which exceeds the current median household income.
Monthly Payment Breakdown for Monument
Based on the median home price of $414,000 with 20% down ($82,800), here is what you can expect to pay monthly in Monument:
15-Year vs. 30-Year Mortgage in Monument
Choosing a 15-year mortgage in Monument at 5.98% instead of a 30-year at 6.74% would save you $270,180 in total interest over the life of the loan. However, your monthly payment would be $2,791 instead of $2,146 — an increase of $645 per month.
Calculate Your Monument Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Monument
What are the current mortgage rates in Monument, CO?
As of March 2026, the average 30-year fixed mortgage rate in Monument, Colorado is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Monument?
Based on the median home price of $414,000 with 20% down, the estimated monthly mortgage payment in Monument is $2,146 for principal and interest. Including property taxes of $179/month, the total monthly housing cost is approximately $2,325.
What income do I need to buy a home in Monument?
Using the 28% rule, you would need an annual income of approximately $99,643 to afford the median-priced home in Monument at $414,000. The median household income in Monument is $63,900. This means most households would need to either earn above the median or consider homes below $414,000.
Is Monument a good place to buy a home in 2026?
Monument offers a below-average cost of living with a cost of living index of 94.7 (national average = 100). The property tax rate in Colorado is 0.52%, which is below the national average. Monument has a population of 7,691 and offers a very affordable lifestyle.
Mortgage Rates in Other Colorado Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Monument, Colorado area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.