Utah Mortgage Calculator
Estimate your monthly mortgage payment in Utah with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Utah is $545,000 with an effective property tax rate of 0.59%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
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| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $33,069.84 | $4,873.30 | $28,196.54 | $431,126.70 |
| 1 | $2,755.82 | $394.15 | $2,361.67 | $435,605.85 |
| 2 | $2,755.82 | $396.29 | $2,359.53 | $435,209.56 |
| 3 | $2,755.82 | $398.43 | $2,357.39 | $434,811.13 |
| 4 | $2,755.82 | $400.59 | $2,355.23 | $434,410.54 |
| 5 | $2,755.82 | $402.76 | $2,353.06 | $434,007.78 |
| 6 | $2,755.82 | $404.94 | $2,350.88 | $433,602.84 |
| 7 | $2,755.82 | $407.14 | $2,348.68 | $433,195.70 |
| 8 | $2,755.82 | $409.34 | $2,346.48 | $432,786.36 |
| 9 | $2,755.82 | $411.56 | $2,344.26 | $432,374.80 |
| 10 | $2,755.82 | $413.79 | $2,342.03 | $431,961.01 |
| 11 | $2,755.82 | $416.03 | $2,339.79 | $431,544.98 |
| 12 | $2,755.82 | $418.28 | $2,337.54 | $431,126.70 |
Year 2 | $33,069.84 | $5,199.69 | $27,870.15 | $425,927.01 |
Year 3 | $33,069.84 | $5,547.95 | $27,521.89 | $420,379.06 |
Year 4 | $33,069.84 | $5,919.49 | $27,150.35 | $414,459.57 |
Year 5 | $33,069.84 | $6,315.95 | $26,753.89 | $408,143.62 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Utah Housing Snapshot
| Median Home Value | $545,000 |
| Effective Property Tax Rate | 0.59% |
| Estimated Annual Property Tax | $3,216 |
| State Income Tax | Flat 4.55% |
| Homestead Exemption | $45,000 for owner-occupants (bankruptcy protection); 45% assessment reduction on primary residence for property tax |
| Avg Homeowners Insurance | $935/yr |
| Transfer & Recording Taxes | No state real estate transfer tax |
What Makes Buying in Utah Different
Utah has been one of the fastest-growing US states by percentage since 2010, driven by Silicon Slopes tech employment (Lehi, Draper, Provo), strong population growth, and California migration. The statewide median home value of $545,000 reflects this growth, with the Salt Lake City metro pushing above $615,000. Park City is a separate luxury market driven by Olympic-legacy tourism and second-home buyers, with median values approaching $1.5 million. The effective property tax rate is low at 0.59%, helped by Utah's primary residence assessment reduction (only 55% of market value is taxed on owner-occupied homes). State income tax is a flat 4.55%. There is no state real estate transfer tax. Insurance is very affordable at $935 per year, low for the West, though wildfire exposure in some mountain communities is increasing. The Wasatch Front (Salt Lake County and Utah County) contains roughly 80% of state population and housing market activity.
Top Cities in Utah
| City | Median Home Value |
|---|---|
| Salt Lake City | $615,000 |
| West Valley City | $525,000 |
| Provo | $535,000 |
| Park City | $1,485,000 |
| St. George | $535,000 |
Utah taxes owner-occupied primary residences on only 55% of their fair market value (a 45% reduction), compared to 100% on second homes, rentals, and commercial property. This effectively cuts property tax bills nearly in half for primary residences. You qualify automatically if the home is your primary residence; declarations may need to be filed with the county assessor for new construction or recent purchases.
Utah's population growth has consistently been among the fastest in the US since 2010. Silicon Slopes tech employment (Adobe, Qualtrics, Pluralsight, Domo, and many others) draws workers from California, while the lower cost of living and outdoor lifestyle attract young families. The state has the highest birth rate in the US, contributing to organic growth alongside in-migration.
Park City has median home values approaching $1.5 million, far above the state average. It functions as a winter sports destination, second-home market, and Sundance Film Festival hub. The Deer Valley, Park Meadows, and Old Town neighborhoods command especially high prices. Year-round residents pay significant property tax bills, and rental restrictions vary by neighborhood. Most Utah homebuyers prioritize affordability elsewhere along the Wasatch Front rather than Park City.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.