Finance · Utah

Utah Mortgage Calculator (2026)

Calculate your monthly payment with Utah-specific property tax (0.63%) and average insurance ($1,170/yr).

Utah defaults: property tax ≈ 0.63% of home value · homeowners insurance ≈ $1,170/year · median home value ≈ $542,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$3,830.68
PITI + PMI/MIP

Payment breakdown

Principal & interest
$3,245.35
Property tax
$284.58
Insurance
$97.50
PMI
Drops month 115
$203.25
Total monthly
$3,830.68

Loan summary

Loan amount
90.0% LTV
$487,800
Total interest paid
$680,524

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$399.85$2,845.50$203.25$487,400
2$402.18$2,843.17$203.25$486,998
3$404.52$2,840.82$203.25$486,593
4$406.88$2,838.46$203.25$486,187
5$409.26$2,836.09$203.25$485,777
6$411.64$2,833.70$203.25$485,366
7$414.05$2,831.30$203.25$484,952
8$416.46$2,828.88$203.25$484,535
9$418.89$2,826.46$203.25$484,116
10$421.33$2,824.01$203.25$483,695
11$423.79$2,821.55$203.25$483,271
12$426.26$2,819.08$203.25$482,845
24$457.08$2,788.27$203.25$477,532
36$490.12$2,755.22$203.25$471,834
48$525.55$2,719.79$203.25$465,725
60$563.54$2,681.80$203.25$459,174
72$604.28$2,641.06$203.25$452,149
84$647.97$2,597.38$203.25$444,617
96$694.81$2,550.54$203.25$436,540
108$745.04$2,500.31$203.25$427,880
120$798.89$2,446.45$418,593
132$856.65$2,388.70$408,635
144$918.57$2,326.77$397,957
156$984.98$2,260.37$386,507
168$1,056.18$2,189.16$374,229
180$1,132.53$2,112.81$361,064
192$1,214.40$2,030.94$346,947
204$1,302.19$1,943.15$331,810
216$1,396.33$1,849.02$315,578
228$1,497.27$1,748.08$298,173
240$1,605.51$1,639.84$279,510
252$1,721.57$1,523.78$259,497
264$1,846.02$1,399.32$238,038
276$1,979.47$1,265.88$215,028
288$2,122.57$1,122.78$190,354
300$2,276.01$969.34$163,896
312$2,440.54$804.81$135,526
324$2,616.97$628.38$105,105
336$2,806.15$439.20$72,485
348$3,009.00$236.34$37,507
360$3,226.52$18.82$0

What the payment actually costs

Expect roughly $2,520 a year in property tax on a $400,000 home here. Utah's effective rate of 0.63% ranks 39th of 51, compared with about 1.10% nationally — $210 a month that never appears in a quoted mortgage payment.

Homeowners insurance runs about $1,170 a year in Utah, 40th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $308 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

The trade-off runs the other way here. Utah property tax is low at 0.63% — 39th of 51 — but the state does tax income. Owners get off comparatively lightly; the cost shows up on the pay stub instead, which favours buyers with modest incomes and large homes over high earners in small ones.

Housing costs compound with the rate. Utah runs about 3% below national-average costs, so the same 0.63% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Utah?
Utah's effective property tax rate is approximately 0.63% of home value per year. On a $542,000 home, that's about $3,415 per year (or $285/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Utah?
The average annual homeowners insurance premium in Utah is around $1,170 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Utah mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Utah?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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