Posted October 03, 2018 04:16:07 How to Save on Mortgage Payments for a Home in Denver – By the Numbers by The Denver PostThe average Denver home is valued at about $1.3 million and an average monthly mortgage payment of $1,056.25.
But if you live in a town that has a population of less than 15,000, you can save a significant amount of money.
The median home price in Denver is $1 million and the median monthly mortgage is $2,895.50.
For a typical two-bedroom home in the city, the monthly payment is $8,634.90.
The real estate website Realestate.com recently surveyed about 6,500 people in Denver and the results were startling.
Most people said they would not pay a higher monthly mortgage if they had a home with a lower price.
In fact, more people said it would cost them more to buy their home if they paid a lower monthly payment.
And the average monthly payment for a three-bedroom condo in Denver was $3,845.70.
Realestate.org’s CEO, Scott Jurek, told ABC News that many of the answers are in the headline.
“A lot of these people are paying a lower rate for their mortgage,” he said.
“If you are paying $1 per month and you have a two-bedroom home, the cost of your mortgage could be much higher than it is today.”
Jurek said the survey also found that nearly half of Denver homeowners are paying higher monthly payments than they would be if they were paying less.
He added that some people may be paying more than they should because they are over the age of 55.