Edgewater 80214 in 2026: A 15-Year Loan Costs $921 More a Month and Saves About $437,272 in Interest

Oct 21

Quick answer: On Redfin's $604,822 median sale price in 80214, with 20% down, a 15-year loan at Freddie Mac's 6.71% average costs about $4,271 a month in principal and interest, against $3,350 for a 30-year at 7.40%, as of October 15, 2026. That is $921 more a month and about $437,272 less interest.

By Nick Ahrens, Colorado real estate broker license FA.100104470, eXp Realty, LLC

Buyers in Edgewater 80214 often ask me whether a 15-year loan is worth the higher payment. With the 15-year average 0.69 points below the 30-year, the trade is easy to put in dollars. This guide runs both loans on the 80214 median price, then covers the cash, the first-year equity and the market pace.

Market figures are Redfin's for the 80214 zipcode, three months ending September 2026, checked October 21, 2026. Redfin's numbers cover the whole zipcode and every home type, not only Edgewater city limits. Payments are principal and interest only, so property tax, insurance and any HOA dues are extra.

What is the 15-year vs. 30-year payment on an 80214 median-priced home?

About $4,271 a month on a 15-year loan at 6.71% and about $3,350 on a 30-year at 7.40%, with 20% down on the $604,822 median, a difference of about $921.

Both loans are $483,858. Freddie Mac's survey reflects buyers with good credit putting 20% down, so treat both rates as a reference point, not a quote. The 15-year average fell from 6.73% the week before, while the 30-year was unchanged. Browse the Edgewater 80214 homes for sale search and the Edgewater $600K to $800K search to see listings near the median.

Loan amount at 20% down: $483,858
15-year at 6.71%: about $4,271 a month
30-year at 7.40%: about $3,350 a month
Difference: about $921 a month

How much total interest does each loan cost in 80214?

About $284,919 on the 15-year and about $722,190 on the 30-year, held to term, so the shorter loan saves about $437,272.

That gap is large because the 30-year runs twice as long at a higher rate. Few buyers keep one loan for 30 years; selling or refinancing ends it early. Even so, every year on the 15-year loan pays down far more principal, which shows up in the next section.

15-year total interest: about $284,919
30-year total interest: about $722,190
Interest saved with the 15-year: about $437,272

How much equity does the first year build on each 80214 loan?

About $19,374 of principal on the 15-year loan and about $4,548 on the 30-year in the first twelve payments.

First-year interest is about $31,878 on the 15-year and about $35,653 on the 30-year. So the extra $921 a month, about $11,051 a year, turns into about $14,826 more principal paid in year one, because the lower rate also trims interest. That is not a forecast of the home's value; it is only the loan paying down. By the end of year one, the 15-year balance is about $464,484 and the 30-year balance about $479,310. If you sell in year three or five, the shorter loan leaves you with noticeably more of the sale price, before selling costs. A middle path some buyers use is a 30-year loan with extra principal each month, which keeps the lower required payment but at the higher 7.40% rate.

First-year principal: about $19,374 on the 15-year and about $4,548 on the 30-year
First-year interest: about $31,878 on the 15-year and about $35,653 on the 30-year

How much cash does an 80214 purchase take at the median?

$120,964 for 20% down at the $604,822 median, plus closing costs, on either loan.

The down payment is the same for both loans, so the choice comes down to the monthly budget. A buyer who stretches for the 15-year payment may leave less cash in reserve, and I would rather see a cushion than a faster payoff. The Front Range buyer closing cost checklist covers closing costs, and the first-time buyer plan for the west metro explains how I get a lender's answer before the first tour.

How fast is the 80214 market moving?

Faster than a year ago: Redfin's median days on market was 22, down 15 days, with 84 homes sold in September 2026, up from 69.

The median price rose 8.5% from a year earlier, while the per-foot median of $322 fell 3.0%, so recent sales leaned toward larger homes. Redfin gives 80214 a Compete Score of 71, very competitive, with 2 offers on average and a 98.8% median sale-to-list ratio. 26.8% of homes sold above list and 42.3% had a price drop.

Median sale price: $604,822, up 8.5%
Median price per square foot: $322
Median days on market: 22
Homes sold above list: 26.8%

Where do the 80214 searches start?

The Edgewater 80214 homes for sale search covers the zipcode, and the Edgewater homes for sale search covers Edgewater by city, with the Edgewater $800K to $1M search and Edgewater $1M-plus search for higher bands.

The Front Range $600K to $800K search is useful if you want to compare 80214 with other west metro zipcodes at the same price. My Golden vs. Edgewater comparison covers how Edgewater compares with Golden on price per foot.

How do you check schools and records for an 80214 address?

Run the Jeffco articulation areas lookup for assigned schools and the Jefferson County Assessor search for the parcel.

The Jeffco articulation areas lookup lists schools for a Jefferson County address, and CDE SchoolView has the state's school reports. The Jefferson County Assessor property records search confirms square footage and lot size.

Should an 80214 buyer pick the 15-year or the 30-year loan?

Pick the 15-year if about $4,271 a month fits with room to spare; pick the 30-year if you want the $3,350 payment and a cash cushion.

Choose the 15-year if:

You can carry about $921 more a month without draining savings
You plan to stay and want about $19,374 of first-year principal
You want the lower 6.71% average rate

Choose the 30-year if:

You want the lower payment, about $3,350
You want cash left after the $120,964 down payment
You may sell or refinance in a few years

Broker view: "I ask 80214 buyers one question first: would the 15-year payment still feel fine if your furnace died next month? If yes, the savings are real. If not, take the 30-year and pay extra when you can." - Nick Ahrens, eXp Realty, LLC

What this guide does not cover: property tax, homeowners insurance, HOA dues, points and lender fees, adjustable-rate loans, extra-payment plans on a 30-year loan, tax deductions and FHA, VA or CHFA terms. I can compare any of these for a specific home. See the first-time vs. move-up guide if you are weighing a first home against a larger one.

Sources: Redfin 80214 zipcode housing market page, three months ending September 2026, checked October 21, 2026. Rates are Freddie Mac PMMS averages as of October 15, 2026: 7.40% for the 30-year and 6.71% for the 15-year. Loan math is my own.

Want both payments on a specific 80214 home? Call or text 949-230-3625, or request a tour.

Frequently asked questions

What is the 15-year vs. 30-year payment at the 80214 median?

With 20% down on Redfin's $604,822 median, principal and interest is about $4,271 a month on a 15-year loan at 6.71% and about $3,350 on a 30-year at 7.40%, Freddie Mac's averages as of October 15, 2026.

How much interest does a 15-year loan save in 80214?

About $437,272 over the life of the loan at the median with 20% down: about $284,919 of interest on the 15-year against about $722,190 on the 30-year, if each is held to term.

How much equity does the first year build on each loan?

About $19,374 of principal on the 15-year loan and about $4,548 on the 30-year, on a $483,858 loan at the 80214 median.

How fast are 80214 homes selling?

Redfin's median days on market was 22 for the three months ending September 2026, down 15 days from a year earlier, with 84 homes sold in September.

Nick Ahrens is a Colorado real estate broker (license FA.100104470) with eXp Realty, LLC, helping buyers and sellers across Denver's west metro. Call or text 949-230-3625, or request a tour.

Nick Ahrens