Utah · UT

Utah Mortgage Calculator

Pre-filled for Utah: median home price $510,000, average property tax rate 0.57%. Adjust any slider to make it yours.

Utah housing at a glance

Median home price: $510,000
Effective property tax rate: 0.57% / yr
Annual property tax (median home): $2,907
Est. monthly tax escrow: $242
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Utah

The median home price in Utah is around $510,000 and the effective property tax rate averages 0.57%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Utah is $102,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Utah

Utah has no real estate transfer tax.

Beyond transfer taxes, total closing costs in Utahtypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $10,200–$25,500.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Utah mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Utah?: At the current 30-year fixed rate of ~6.81%, a $510,000 home in Utah with 20% down ($102,000) carries a principal-and-interest payment of ~$2,663/mo. Add property tax (~$242/mo at 0.57%) and homeowners insurance and your total is roughly $2,905/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Utah?: The effective statewide property tax rate in Utah averages 0.57% of assessed value per year. On a $510,000 home, that works out to roughly $2,907 per year ($242/mo). Individual county rates vary.
Does Utah have a state income tax?: Yes, Utah has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Utah?: Utah has no real estate transfer tax.
What type of foreclosure does Utah use?: Utah uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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