RateHerald

No link on RateHerald pays us today. When some do, they'll say so, and they'll never change a ranking. How we make money

Utah Mortgage Calculator

Your monthly mortgage payment in Utah, with Utah's effective property tax rate (0.52%) built in, at this week's average rate. The calculator starts at the state's median home value, $489,400.

A $489,000 home with 20% down ($391,200 borrowed) at 7.28% over 30 years costs about $3,054 a month: $2,677 principal and interest plus $377 of tax, insurance and dues.

Monthly payment
$3,053.58
Principal and interest
$2,676.64
Tax, insurance, PMI and HOA
$376.94
Total interest over the loan
$572,390
Loan balance and interest paid over 30 years at 7.28%$0$200k$400k$600k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $391,200 at 7.28%
YearInterestPrincipalBalance
1$28,355.41$3,764.26$387,435.74
2$28,072.04$4,047.63$383,388.12
3$27,767.34$4,352.33$379,035.79
4$27,439.70$4,679.96$374,355.83
5$27,087.39$5,032.27$369,323.56
6$26,708.57$5,411.09$363,912.47
7$26,301.23$5,818.43$358,094.04
8$25,863.23$6,256.44$351,837.60
9$25,392.25$6,727.41$345,110.19
10$24,885.82$7,233.85$337,876.34
11$24,341.26$7,778.40$330,097.94
12$23,755.71$8,363.95$321,733.99
13$23,126.08$8,993.58$312,740.41
14$22,449.05$9,670.61$303,069.80
15$21,721.06$10,398.60$292,671.20
16$20,938.27$11,181.39$281,489.81
17$20,096.54$12,023.12$269,466.69
18$19,191.46$12,928.20$256,538.48
19$18,218.24$13,901.43$242,637.06
20$17,171.75$14,947.91$227,689.15
21$16,046.49$16,073.17$211,615.98
22$14,836.52$17,283.14$194,332.83
23$13,535.46$18,584.20$175,748.64
24$12,136.47$19,983.20$155,765.44
25$10,632.15$21,487.51$134,277.93
26$9,014.60$23,105.06$111,172.87
27$7,275.27$24,844.39$86,328.48
28$5,405.01$26,714.65$59,613.83
29$3,393.97$28,725.70$30,888.13
30$1,231.53$30,888.13$0.00

This week's mortgage rates →

Monthly payment in Utah by home price (20% down, 7%, 30 years, 0.52% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$240,000$1,277$103$1,547
$370,000$1,969$159$2,295
$490,000$2,608$211$2,985
$730,000$3,885$314$4,366
$980,000$5,216$421$5,804

How this calculator works

As the mortgage calculator, with Utah's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,525 ÷ median value $489,400.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Utah?

On $489,400 with 20% down at 7% over 30 years: about $2,605 principal and interest and $210 of property tax, $2,982 a month with $2,000 a year of insurance.

What is the median home value in Utah?

$489,400 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Utah?

The effective rate is 0.52%, a median $2,525 a year. See Utah's property tax page for every county we cover.

How much income do I need for a median Utah home?

Under the 28% guideline, about $127,796 a year for the payment above; Utah's median household income is $95,166.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Utah Property Tax CalculatorUtah homeowners pay a median $2,525 a year in property tax, 0.52% of a median $489,400 home: the 42nd highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.