Utah variant. This is a Utah-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $510,000 and an effective property tax rate of 0.55%, a typical Utah mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Utah mortgage payment
On the $510,000 median home with 20% down ($102,000), you'd finance about $408,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,579/month.
Utah's 0.55% effective property tax adds about $234/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Utah
Utah imposes a flat individual income tax rate of roughly 4.55%.
Utah has a low effective property tax rate near 0.55%, but rapidly rising demand has pushed median home values above $500,000.
Utah's economy is among the fastest growing in the country, with strengths in technology, finance, and outdoor recreation.
Worked example: $510,000 home in Utah
Price $510,000, 20% down ($102,000), loan $408,000 at 6.5% for 30 years → P&I ≈ $2,579/mo. Add property tax ≈ $234/mo (0.55% of value ÷ 12). Total before insurance ≈ $2,813/mo.
Quick reference
- State income tax: Flat 4.55% (down from 4.65%)
- State sales tax: 6.1% (plus 1.16% avg local)
- Median home value: $510,000
- Median household income: $87,649
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,340/yr
Frequently Asked Questions
How much is a mortgage on a $510,000 Utah home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,579/month, before Utah's 0.55% property tax and insurance.
What is the property tax rate in Utah?
Utah's effective property tax rate is about 0.55% of home value per year.