Utah Mortgage Calculator

Calculate your monthly mortgage payment in Utah. Pre-filled with Utah's average property tax rate of 0.57%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$166
Homeowner's Insurance
$100
Total Monthly Payment
$2,036

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,036/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Utah Housing Overview

Utah has an average property tax rate of 0.57%. Utah's cost of living is about 3% above the national average, with the Salt Lake City area being moderately above.

Property Tax: 0.57%Flat 4.65% rateTaxpayer credit reduces effective rateGrowing 'Silicon Slopes' tech sector

Buying a Home in Utah

If you're considering buying a home in Utah, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Utah's average property tax rate of 0.57% to give you a more accurate estimate.

Utah Property Taxes

Utah has an average effective property tax rate of 0.57%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.57% rate means approximately $1995 per year, or $166 per month in property taxes alone.

Cost of Living in Utah

Utah's cost of living is about 3% above the national average, with the Salt Lake City area being moderately above. When evaluating whether to buy a home in Utah, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Utah Homebuyers

  • Utah's 4.65% flat rate is straightforward and competitive
  • Utah's growing tech sector (Silicon Slopes) offers competitive salaries
  • Utah's taxpayer credit can reduce your effective tax rate below 4.65%
  • Utah has a moderate cost of living with high quality of life metrics

Key Utah Features

  • Flat 4.65% rate
  • Taxpayer credit reduces effective rate
  • Growing 'Silicon Slopes' tech sector
  • High quality of life

See How Your Utah Mortgage Fits Your Financial Plan

This calculator shows your Utah mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Utah Mortgage Costs with Other States

Colorado0.51% property taxWyoming0.57% property taxIdaho0.63% property taxCalifornia0.71% property taxNew York1.46% property taxTexas1.80% property tax

Frequently Asked Questions

What is the average property tax rate in Utah?
The average effective property tax rate in Utah is approximately 0.57%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Utah's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Utah?
Your mortgage payment in Utah depends on the home price, your down payment, interest rate, and loan term. With Utah's average property tax rate of 0.57%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Utah an affordable state to buy a home?
Utah's cost of living is about 3% above the national average, with the Salt Lake City area being moderately above. When evaluating affordability in Utah, consider not just the home price but also property taxes (0.57% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Utah property taxes compare to other states?
Utah's average property tax rate of 0.57% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Utah?
Most states, including Utah, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Utah's housing authority and the FHA, VA, and USDA loan programs for additional options.

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