Utah Mortgage Calculator 2026 — Salt Lake City & Statewide Costs | US Financial Calculators

Median Utah home ($500,000) — 20% down — 7% rate — 30yr

Component	Monthly	Annual
Principal & Interest	$2,661.21	$31,935
Property Tax (0.52%)	$216.67	$2,600
Homeowners Insurance	$150.00	$1,800
Total PITI	$3,027.88	$36,335

Total interest over 30yr: $558,036. PMI not included.

Monthly property tax on a $400,000 home by state

State	Avg Rate	Monthly/$400k
Alabama	0.41%	$136.67
Alaska	1.04%	$346.67
Arizona	0.62%	$206.67
Arkansas	0.62%	$206.67
California	0.76%	$253.33
Colorado	0.51%	$170.00
Connecticut	1.79%	$596.67
Delaware	0.57%	$190.00
Florida	0.89%	$296.67
Georgia	0.92%	$306.67
Hawaii	0.29%	$96.67
Idaho	0.69%	$230.00
Illinois	2.23%	$743.33
Indiana	0.85%	$283.33
Iowa	1.57%	$523.33
Kansas	1.41%	$470.00
Kentucky	0.86%	$286.67
Louisiana	0.55%	$183.33
Maine	1.09%	$363.33
Maryland	1.09%	$363.33
Massachusetts	1.14%	$380.00
Michigan	1.54%	$513.33
Minnesota	1.12%	$373.33
Mississippi	0.81%	$270.00
Missouri	1.01%	$336.67
Montana	0.84%	$280.00
Nebraska	1.73%	$576.67
Nevada	0.55%	$183.33
New Hampshire	1.93%	$643.33
New Jersey	2.23%	$743.33
New Mexico	0.80%	$266.67
New York	1.72%	$573.33
North Carolina	0.80%	$266.67
North Dakota	0.98%	$326.67
Ohio	1.53%	$510.00
Oklahoma	0.88%	$293.33
Oregon	0.87%	$290.00
Pennsylvania	1.49%	$496.67
Rhode Island	1.53%	$510.00
South Carolina	0.57%	$190.00
South Dakota	1.22%	$406.67
Tennessee	0.67%	$223.33
Texas	1.60%	$533.33
Utah ★	0.52%	$173.33
Vermont	1.83%	$610.00
Virginia	0.87%	$290.00
Washington	0.98%	$326.67
Washington DC	0.55%	$183.33
West Virginia	0.59%	$196.67
Wisconsin	1.76%	$586.67
Wyoming	0.61%	$203.33

Utah has a below-average property tax rate of 0.52%, but home prices in Salt Lake City and ski resort communities have risen dramatically. Utah's strong economy, population growth, and tech sector (the "Silicon Slopes") have driven significant home price appreciation. Utah's property tax system assesses at 55% of fair market value for residential properties. Utah offers a circuit breaker credit for lower-income homeowners.

Median home price: $500,000. Average property tax: 0.52%. Cost of living index: 106 (US avg = 100).

What is the average property tax rate in Utah?

The average effective property tax rate in Utah is 0.52%. This means on a $500,000 home, you would pay approximately $2,600/year ($216.67/month) in property taxes. Note that actual property taxes are based on the county-assessed value, which may differ from the purchase price, and individual rates vary by county.

How much do I need to earn to afford a home in Utah?

At the Utah median home price of $500,000 with 20% down and a 7% rate, total monthly housing costs (PITI) are approximately $3,027.88. Using the 28% housing-to-income rule, you would need a gross monthly income of about $10,813.85, or $129,766/year. With less down payment or higher home price, the required income increases.

Is Utah a community property state?

Utah is a common law (equitable distribution) state. Spouses can own property separately, and lenders typically evaluate only the borrower(s) named on the mortgage application.

Should I get a 15-year or 30-year mortgage?

A 30-year mortgage has lower monthly payments but you pay significantly more interest over time. For example, on a $400,000 loan at 7%, monthly P&I is $2,661.21 (30yr) vs. $3,595.31 (15yr). Choose 30-year if cash flow is tight; choose 15-year if you can comfortably afford the higher payment.

What other costs should I budget for when buying in Utah?

Beyond the mortgage payment, budget for: (1) Closing costs — typically 2–5% of the loan amount at purchase; (2) Home inspection — $300–$600; (3) Property taxes — $2,600/year at Utah average rates on a $500,000 home; (4) Homeowners insurance — $1,200–$2,400/year; (5) HOA fees if applicable; (6) Maintenance reserve — budget 1–2% of home value annually.

Utah Mortgage Calculator (2026)

Your Mortgage Details

Utah Monthly Payment