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Mortgage Calculator Utah — 2026 Payment Estimates
Pre-filled with Utah's estimated median home price of $485,000 and 0.56% effective property tax rate. Adjust any input for your specific situation. All calculations run in your browser.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$485,000
Monthly P&I (30yr)
$2,452.42
Property tax/month
$226.33
Est. total PITI/month
$2,860.63
Optional — unlocks affordability analysis
Enter gross income to check affordability
At the 28% front-end guideline, this payment requires ~$105,104/year in gross income. The monthly shown is principal and interest only — add ~$37 for taxes, insurance.
- ›A 15-year term saves $274,491 in total interest but raises the payment by $927/month
- ›Total interest ($494,873) exceeds the loan itself ($388,000) — every extra principal payment saves its full remaining interest
⚡ Total interest ($494,873) exceeds the loan principal — consider extra principal payments or a shorter term
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Utah mortgage payment scenarios — $485,000 home at 6.5%
Monthly P&I and estimated total PITI (principal, interest, tax, insurance) at three down payment levels. Property tax uses Utah's 0.56% effective rate; insurance estimated at 0.45% of home value annually.
| Down payment | Down amount | P&I (30yr) | P&I (15yr) | Total PITI (30yr) |
|---|---|---|---|---|
| 10% down | $48,500 | $2,758.98 | $3,802.38 | $3,167.19 |
| 15% down | $72,750 | $2,605.70 | $3,591.14 | $3,013.91 |
| 20% down | $97,000 | $2,452.42 | $3,379.90 | $2,860.63 |
P&I only (30yr and 15yr). PITI adds property tax (0.56%) and estimated homeowners insurance (0.45% annually). Does not include PMI — required when down payment is below 20%.
Property tax and insurance in Utah
Utah's 0.56% effective property tax rate is well below the national average — a meaningful benefit given the state's elevated median home prices.
Utah property tax
Effective rate: 0.56%. On a $485,000 home, annual property taxes are approximately $2,716 — or $226.33/month. Many lenders collect this monthly into an escrow account.
Homeowners insurance
Estimated at 0.45% of home value annually — roughly $181.88/month on a $485,000 home. Rates vary by coverage, age of home, and local risk factors. Get quotes from multiple insurers before closing.
PMI (if under 20% down)
Private Mortgage Insurance is required on conventional loans with less than 20% down, typically costing 0.5–1.5% of the loan amount per year. On a $388,000 loan, PMI adds roughly $291.00–$485.00/month.
Income needed
The 28% front-end DTI guideline requires approximately $122,599/year in gross income to qualify for the median Utah home with 20% down. This is principal, interest, tax, and insurance — not counting other debt.
Utah housing market 2026
Salt Lake City and the Wasatch Front have been among the fastest-appreciating markets in the US over the past decade, driven by tech sector growth (dubbed the "Silicon Slopes"). Provo–Orem and St. George are secondary markets with strong demand. Ski resort communities command significant premiums.
Key numbers for Utah buyers
- Median home price: $485,000 (2026 estimate)
- Down payment (20%): $97,000
- Loan amount (80% LTV): $388,000
- Monthly P&I at 6.5% / 30yr: $2,452.42
- Est. PITI (with tax + insurance): $2,860.63/month
- Income needed (28% DTI): $122,599/year
Compare mortgage payments by state
📍 California
Median $750,000 · ~$3,793/mo P&I · 0.73% tax
📍 Texas
Median $315,000 · ~$1,593/mo P&I · 1.6% tax
📍 Florida
Median $405,000 · ~$2,048/mo P&I · 0.89% tax
📍 New York
Median $415,000 · ~$2,099/mo P&I · 1.4% tax
📍 Georgia
Median $325,000 · ~$1,643/mo P&I · 0.83% tax
📍 Arizona
Median $365,000 · ~$1,846/mo P&I · 0.6% tax
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Mortgage calculator Utah — frequently asked questions
What is the average mortgage payment in Utah?
Based on Utah's median home price of $485,000, a 30-year mortgage at 6.5% with 20% down produces a monthly principal and interest payment of $2,452.42. Adding property tax (~$226.33/month at 0.56%) and homeowners insurance (~$181.88/month) gives an estimated total PITI of approximately $2,860.63/month.
What is the median home price in Utah in 2026?
The estimated median home price in Utah in 2026 is approximately $485,000. Prices vary significantly by metro area — use this as a benchmark and enter the specific price you are evaluating in the calculator above.
How much income do I need to afford a house in Utah?
Using the 28% front-end DTI guideline, an estimated total monthly payment (PITI) of $2,860.63 on the median Utah home requires approximately $122,599/year in gross income. This assumes 20% down, 6.5% rate, 30-year term, and 0.56% property tax.
What are property taxes in Utah?
Utah's effective property tax rate is approximately 0.56%. On a $485,000 home, that is roughly $226.33/month or $2,716/year. Utah's 0.56% effective property tax rate is well below the national average — a meaningful benefit given the state's elevated median home prices.
Is a 15-year or 30-year mortgage better in Utah?
At 6.5% on a $485,000 home with 20% down: the 30-year P&I is $2,452.42/month; the 15-year P&I is $3,379.90/month — $927.47/month more. The 15-year saves $274,491 in total interest. If the higher payment is affordable, the 15-year is almost always the better long-term financial choice.