Mortgage Calculator in Utah

Calculate your monthly mortgage payment in Utah using the 2026 median home price of $510K and current local rates. Adjust the inputs below to match your situation.

Utah Housing Market at a Glance (2026)

$510K

Median Home Price

6.79%

Avg Mortgage Rate

0.63%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in Utah: Costs to Know

Average closing costs1.3% of purchase price

On a $510K home, closing costs ≈$6,630

Median household income$79,000/yr

State income tax (top rate)4.65%

First-Time Buyer Programs in Utah

Utah offers state-sponsored programs that can reduce your down payment or closing costs:

✓Utah Housing FirstHome Loan
✓UHC Score Loan

How Mortgage Payments Work in Utah

A standard mortgage payment in Utah is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $510K home in Utah with a 10% down payment at 6.79% over 30 years, your principal and interest payment comes to approximately $2,989/month— not including property taxes or homeowner's insurance.

Utah's property tax rate of 0.63% adds roughly $268/month to your total housing cost on a $510K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

Utah vs. National Average

Metric	Utah	National Avg
Median Home Price	$510,000	$420,000
Property Tax Rate	0.63%	1.07%
Avg Mortgage Rate	6.79%	6.85%
Cost of Living Index	107	100

Frequently Asked Questions — Mortgage Calculator in Utah

What is the average mortgage payment in Utah?+

Based on the median home price of $510K in Utah with a 10% down payment and 6.79% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $2,989. Adding property taxes (~$268/mo) and homeowner's insurance, total PITI is typically $3,407–$3,507/month.

What is the property tax rate in Utah?+

Utah has an average effective property tax rate of 0.63%. On the median home price of $510K, that equals roughly $3,213 per year — or $268 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in Utah.

How much down payment do I need to buy a home in Utah?+

The typical down payment in Utah is 10% — about $51,000 on the median $510K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like Utah Housing FirstHome Loan.

What are closing costs in Utah?+

Average closing costs in Utah are approximately 1.3% of the purchase price — about $6,630 on the median $510K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Utah?+

To afford the $510K median home in Utah under the 28% housing-cost rule, you need a gross monthly income of at least $12,168 — roughly $146K/year. The median household income in Utah is $79,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.