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Utah mortgage calculator

The median home in Utah runs about $520,000. With 20% down that's a loan near $416,000 — the calculator is pre-filled with that figure. Utah's property tax rate is low and primary residences are taxed on only 55% of market value, but strong population growth pushed Salt Lake and Utah County prices well above the national median.

$2,700.93 / month

Total interest
$556,339
Total paid
$972,339
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$104k$208k$312k$416k0612182430Year

How it works

A full Utah payment is more than principal and interest. At the state's 0.57% effective property tax rate, a $520,000 home owes about $2,964 a year in tax, and homeowners insurance averages roughly $1,100 a year here. Together those add about $339 to the monthly payment before any HOA dues or PMI.

Utah's median household income is about $91,000, or $7,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $2,123 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Utah sell in about 40 days on average.

Frequently asked questions

What is a typical mortgage payment in Utah?
On the state's roughly $520,000 median home with 20% down, the loan is about $416,000. Principal and interest depend on your rate; on top of that, Utah's 0.57% effective property tax rate and about $1,100 a year in homeowners insurance add roughly $339 per month to the payment.
How much are property taxes on a home in Utah?
Utah's effective property tax rate averages about 0.57% of market value — roughly $2,964 a year on the $520,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Utah?
The average Utah homeowners policy runs about $1,100 a year. Utah's property tax rate is low and primary residences are taxed on only 55% of market value, but strong population growth pushed Salt Lake and Utah County prices well above the national median.
Can I afford a home in Utah on the median income?
Utah's median household income is about $91,000 a year, or $7,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $2,123 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Utah?
A for-sale home in Utah spends about 40 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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