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Estimate your monthly mortgage payment in Utah, including principal & interest, property taxes (0.56% effective rate), and homeowners insurance. Based on 2025 rates and Utah median home prices.
Enter your exact home price, down payment, and rate to see a precise monthly breakdown.
Open Mortgage Calculator →Median Home Price
$520k
2024 estimate
Property Tax Rate
0.56%
Effective rate/yr
Est. Monthly Tax
$243
On median home
Total PITI/Month
$3,226
20% down, 30yr
Based on median home price of $520,000, 20% down ($104,000), loan amount $416,000, 6.84% 30-year fixed.
Principal & Interest
6.84% rate, 30yr
$2,723
Utah Property Tax
0.56%/yr = $2,912/yr
$243
Homeowners Insurance
Est. 0.6%/yr of home value
$260
Total Monthly PITI
Principal, Interest, Tax, Insurance
$3,226
* Does not include HOA fees, PMI (if applicable), or utilities.
All examples assume 20% down payment. Property tax rate: 0.56%.
| Home Price | Loan Amount | 30yr P&I | 15yr P&I | Total PITI (30yr) |
|---|---|---|---|---|
| $150,000 | $120,000 | $786 | $1,019 | $931 |
| $200,000 | $160,000 | $1,047 | $1,359 | $1,241 |
| $250,000 | $200,000 | $1,309 | $1,699 | $1,551 |
| $300,000 | $240,000 | $1,571 | $2,038 | $1,861 |
| $350,000 | $280,000 | $1,833 | $2,378 | $2,171 |
| $400,000 | $320,000 | $2,095 | $2,718 | $2,481 |
| $450,000 | $360,000 | $2,357 | $3,057 | $2,792 |
| $500,000 | $400,000 | $2,618 | $3,397 | $3,102 |
| $600,000 | $480,000 | $3,142 | $4,076 | $3,722 |
| $750,000 | $600,000 | $3,928 | $5,096 | $4,653 |
* 30yr at 6.84%, 15yr at 6.1%. PITI = P&I + property tax + insurance.
Most lenders require housing costs to stay below 28–31% of gross monthly income.
| Home Price | Monthly PITI | Min. Annual Income (28%) | Min. Annual Income (25%) |
|---|---|---|---|
| $150,000 | $931/mo | $39,879 | $44,664 |
| $250,000 | $1,551/mo | $66,465 | $74,441 |
| $520,000Median | $3,226/mo | $138,247 | $154,837 |
| $500,000 | $3,102/mo | $132,930 | $148,882 |
| $750,000 | $4,653/mo | $199,395 | $223,322 |
Based on Utah's 2024 median home price of $520,000 (20% down, 30-year fixed at 6.84%), the estimated monthly PITI payment is $3,226. This includes principal & interest ($2,723), property tax ($243/month), and homeowners insurance ($260/month).
Utah's effective property tax rate is approximately 0.56% of assessed home value per year. On a $520,000 home, that equals about $243/month or $2,912/year in property taxes. Utah has one of the lowest property tax rates in the US, keeping total housing costs lower.
To afford the median Utah home ($520,000) with a 20% down payment, you typically need annual gross income of approximately $138,247 to $154,837 — keeping housing costs at 25–28% of gross income. This is a common lender guideline. With a larger down payment or lower mortgage rate, the required income decreases.
In Utah, you can buy a home with as little as 3% down (conventional loan) or 3.5% down (FHA loan). However, putting down less than 20% typically requires private mortgage insurance (PMI), adding $50–$200+/month to your payment. On a $520,000 home: 3% down = $15,600, 10% down = $52,000, 20% down = $104,000.
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