Rent vs. Mortgage in Denver: What the Numbers Actually Look Like

One of the biggest fears I hear from first-time buyers is:

“What if buying costs more than renting?”

That’s a fair question.

Let’s look at a realistic Denver scenario.

📍 Example: $450,000 Entry-Level Townhome or Condo

Purchase Price: $450,000

Down Payment (5%): $22,500

Loan Amount: $427,500

Assume a 6.75% interest rate (example rate — changes weekly).

Estimated Monthly Payment:

Estimated Total: ~$3,450/month

Now let’s compare.

📍 Average Denver Rent (2–3 bedroom unit):

Rents in many Denver metro areas range from $2,400–$3,200+, depending on location and size.

Let’s use $2,800/month as an example.

At first glance:

Rent = $2,800

Own = $3,450

So yes — ownership may be higher monthly.

But here’s what changes the equation.

Coming up........

What Happens Over 5 Years?

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