Utah Mortgage Calculator
Mortgage is next to the only affordable option for low to average income home buyers in many parts of Utah and the rest of the United States. On this page we offer a convenient Utah home loan calculator to gauge your potential expenses, and up-to-date answers to several frequently asked questions concerning buying a house in Utah.
Total principal & interest | $485 050 |
Monthly payment | $4 042.08 |
Total interest paid | $125 050 |
Payoff date | July 2035 |
Detailed payment info
Date | Payment | Principal Paid | Interest Paid | Remaining Balance |
---|---|---|---|---|
August 2025 | 4 042.08 | 2 167.08 | 1 875 | 357 832.92 |
September 2025 | 4 042.08 | 2 178.37 | 1 863.71 | 355 654.55 |
October 2025 | 4 042.08 | 2 189.72 | 1 852.37 | 353 464.83 |
November 2025 | 4 042.08 | 2 201.12 | 1 840.96 | 351 263.71 |
December 2025 | 4 042.08 | 2 212.59 | 1 829.50 | 349 051.12 |
January 2026 | 4 042.08 | 2 224.11 | 1 817.97 | 346 827.02 |
February 2026 | 4 042.08 | 2 235.69 | 1 806.39 | 344 591.32 |
March 2026 | 4 042.08 | 2 247.34 | 1 794.75 | 342 343.99 |
April 2026 | 4 042.08 | 2 259.04 | 1 783.04 | 340 084.94 |
May 2026 | 4 042.08 | 2 270.81 | 1 771.28 | 337 814.14 |
June 2026 | 4 042.08 | 2 282.63 | 1 759.45 | 335 531.50 |
July 2026 | 4 042.08 | 2 294.52 | 1 747.56 | 333 236.98 |
August 2026 | 4 042.08 | 2 306.47 | 1 735.61 | 330 930.50 |
September 2026 | 4 042.08 | 2 318.49 | 1 723.60 | 328 612.02 |
October 2026 | 4 042.08 | 2 330.56 | 1 711.52 | 326 281.45 |
November 2026 | 4 042.08 | 2 342.70 | 1 699.38 | 323 938.75 |
December 2026 | 4 042.08 | 2 354.90 | 1 687.18 | 321 583.85 |
January 2027 | 4 042.08 | 2 367.17 | 1 674.92 | 319 216.68 |
February 2027 | 4 042.08 | 2 379.50 | 1 662.59 | 316 837.19 |
March 2027 | 4 042.08 | 2 391.89 | 1 650.19 | 314 445.30 |
April 2027 | 4 042.08 | 2 404.35 | 1 637.74 | 312 040.95 |
May 2027 | 4 042.08 | 2 416.87 | 1 625.21 | 309 624.08 |
June 2027 | 4 042.08 | 2 429.46 | 1 612.63 | 307 194.62 |
July 2027 | 4 042.08 | 2 442.11 | 1 599.97 | 304 752.51 |
August 2027 | 4 042.08 | 2 454.83 | 1 587.25 | 302 297.68 |
September 2027 | 4 042.08 | 2 467.62 | 1 574.47 | 299 830.06 |
October 2027 | 4 042.08 | 2 480.47 | 1 561.61 | 297 349.59 |
November 2027 | 4 042.08 | 2 493.39 | 1 548.70 | 294 856.21 |
December 2027 | 4 042.08 | 2 506.37 | 1 535.71 | 292 349.83 |
January 2028 | 4 042.08 | 2 519.43 | 1 522.66 | 289 830.40 |
February 2028 | 4 042.08 | 2 532.55 | 1 509.53 | 287 297.85 |
March 2028 | 4 042.08 | 2 545.74 | 1 496.34 | 284 752.11 |
April 2028 | 4 042.08 | 2 559 | 1 483.08 | 282 193.11 |
May 2028 | 4 042.08 | 2 572.33 | 1 469.76 | 279 620.79 |
June 2028 | 4 042.08 | 2 585.73 | 1 456.36 | 277 035.06 |
July 2028 | 4 042.08 | 2 599.19 | 1 442.89 | 274 435.87 |
August 2028 | 4 042.08 | 2 612.73 | 1 429.35 | 271 823.14 |
September 2028 | 4 042.08 | 2 626.34 | 1 415.75 | 269 196.80 |
October 2028 | 4 042.08 | 2 640.02 | 1 402.07 | 266 556.78 |
November 2028 | 4 042.08 | 2 653.77 | 1 388.32 | 263 903.02 |
December 2028 | 4 042.08 | 2 667.59 | 1 374.49 | 261 235.43 |
January 2029 | 4 042.08 | 2 681.48 | 1 360.60 | 258 553.94 |
February 2029 | 4 042.08 | 2 695.45 | 1 346.64 | 255 858.50 |
March 2029 | 4 042.08 | 2 709.49 | 1 332.60 | 253 149.01 |
April 2029 | 4 042.08 | 2 723.60 | 1 318.48 | 250 425.41 |
May 2029 | 4 042.08 | 2 737.78 | 1 304.30 | 247 687.63 |
June 2029 | 4 042.08 | 2 752.04 | 1 290.04 | 244 935.58 |
July 2029 | 4 042.08 | 2 766.38 | 1 275.71 | 242 169.20 |
August 2029 | 4 042.08 | 2 780.79 | 1 261.30 | 239 388.42 |
September 2029 | 4 042.08 | 2 795.27 | 1 246.81 | 236 593.15 |
October 2029 | 4 042.08 | 2 809.83 | 1 232.26 | 233 783.32 |
November 2029 | 4 042.08 | 2 824.46 | 1 217.62 | 230 958.86 |
December 2029 | 4 042.08 | 2 839.17 | 1 202.91 | 228 119.69 |
January 2030 | 4 042.08 | 2 853.96 | 1 188.12 | 225 265.73 |
February 2030 | 4 042.08 | 2 868.82 | 1 173.26 | 222 396.90 |
March 2030 | 4 042.08 | 2 883.77 | 1 158.32 | 219 513.14 |
April 2030 | 4 042.08 | 2 898.79 | 1 143.30 | 216 614.35 |
May 2030 | 4 042.08 | 2 913.88 | 1 128.20 | 213 700.47 |
June 2030 | 4 042.08 | 2 929.06 | 1 113.02 | 210 771.41 |
July 2030 | 4 042.08 | 2 944.32 | 1 097.77 | 207 827.09 |
August 2030 | 4 042.08 | 2 959.65 | 1 082.43 | 204 867.44 |
September 2030 | 4 042.08 | 2 975.07 | 1 067.02 | 201 892.38 |
October 2030 | 4 042.08 | 2 990.56 | 1 051.52 | 198 901.81 |
November 2030 | 4 042.08 | 3 006.14 | 1 035.95 | 195 895.68 |
December 2030 | 4 042.08 | 3 021.79 | 1 020.29 | 192 873.88 |
January 2031 | 4 042.08 | 3 037.53 | 1 004.55 | 189 836.35 |
February 2031 | 4 042.08 | 3 053.35 | 988.73 | 186 783 |
March 2031 | 4 042.08 | 3 069.26 | 972.83 | 183 713.74 |
April 2031 | 4 042.08 | 3 085.24 | 956.84 | 180 628.50 |
May 2031 | 4 042.08 | 3 101.31 | 940.77 | 177 527.19 |
June 2031 | 4 042.08 | 3 117.46 | 924.62 | 174 409.73 |
July 2031 | 4 042.08 | 3 133.70 | 908.38 | 171 276.03 |
August 2031 | 4 042.08 | 3 150.02 | 892.06 | 168 126.01 |
September 2031 | 4 042.08 | 3 166.43 | 875.66 | 164 959.58 |
October 2031 | 4 042.08 | 3 182.92 | 859.16 | 161 776.66 |
November 2031 | 4 042.08 | 3 199.50 | 842.59 | 158 577.17 |
December 2031 | 4 042.08 | 3 216.16 | 825.92 | 155 361.01 |
January 2032 | 4 042.08 | 3 232.91 | 809.17 | 152 128.10 |
February 2032 | 4 042.08 | 3 249.75 | 792.33 | 148 878.35 |
March 2032 | 4 042.08 | 3 266.68 | 775.41 | 145 611.67 |
April 2032 | 4 042.08 | 3 283.69 | 758.39 | 142 327.98 |
May 2032 | 4 042.08 | 3 300.79 | 741.29 | 139 027.19 |
June 2032 | 4 042.08 | 3 317.98 | 724.10 | 135 709.21 |
July 2032 | 4 042.08 | 3 335.26 | 706.82 | 132 373.94 |
August 2032 | 4 042.08 | 3 352.64 | 689.45 | 129 021.30 |
September 2032 | 4 042.08 | 3 370.10 | 671.99 | 125 651.21 |
October 2032 | 4 042.08 | 3 387.65 | 654.43 | 122 263.56 |
November 2032 | 4 042.08 | 3 405.29 | 636.79 | 118 858.26 |
December 2032 | 4 042.08 | 3 423.03 | 619.05 | 115 435.23 |
January 2033 | 4 042.08 | 3 440.86 | 601.23 | 111 994.37 |
February 2033 | 4 042.08 | 3 458.78 | 583.30 | 108 535.60 |
March 2033 | 4 042.08 | 3 476.79 | 565.29 | 105 058.80 |
April 2033 | 4 042.08 | 3 494.90 | 547.18 | 101 563.90 |
May 2033 | 4 042.08 | 3 513.10 | 528.98 | 98 050.79 |
June 2033 | 4 042.08 | 3 531.40 | 510.68 | 94 519.39 |
July 2033 | 4 042.08 | 3 549.79 | 492.29 | 90 969.60 |
August 2033 | 4 042.08 | 3 568.28 | 473.80 | 87 401.31 |
September 2033 | 4 042.08 | 3 586.87 | 455.22 | 83 814.45 |
October 2033 | 4 042.08 | 3 605.55 | 436.53 | 80 208.90 |
November 2033 | 4 042.08 | 3 624.33 | 417.75 | 76 584.57 |
December 2033 | 4 042.08 | 3 643.21 | 398.88 | 72 941.36 |
January 2034 | 4 042.08 | 3 662.18 | 379.90 | 69 279.18 |
February 2034 | 4 042.08 | 3 681.25 | 360.83 | 65 597.93 |
March 2034 | 4 042.08 | 3 700.43 | 341.66 | 61 897.50 |
April 2034 | 4 042.08 | 3 719.70 | 322.38 | 58 177.80 |
May 2034 | 4 042.08 | 3 739.07 | 303.01 | 54 438.72 |
June 2034 | 4 042.08 | 3 758.55 | 283.54 | 50 680.18 |
July 2034 | 4 042.08 | 3 778.12 | 263.96 | 46 902.05 |
August 2034 | 4 042.08 | 3 797.80 | 244.28 | 43 104.25 |
September 2034 | 4 042.08 | 3 817.58 | 224.50 | 39 286.67 |
October 2034 | 4 042.08 | 3 837.47 | 204.62 | 35 449.20 |
November 2034 | 4 042.08 | 3 857.45 | 184.63 | 31 591.75 |
December 2034 | 4 042.08 | 3 877.54 | 164.54 | 27 714.21 |
January 2035 | 4 042.08 | 3 897.74 | 144.34 | 23 816.47 |
February 2035 | 4 042.08 | 3 918.04 | 124.04 | 19 898.43 |
March 2035 | 4 042.08 | 3 938.45 | 103.64 | 15 959.98 |
April 2035 | 4 042.08 | 3 958.96 | 83.12 | 12 001.02 |
May 2035 | 4 042.08 | 3 979.58 | 62.51 | 8 021.45 |
June 2035 | 4 042.08 | 4 000.31 | 41.78 | 4 021.14 |
July 2035 | 4 042.08 | 4 021.14 | 20.94 | 0 |
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Best mortgage lenders in Utah
The leading mortgage lenders in Utah have a nationwide presence. These include such recognizable names as Morty Inc, Northpointe Bank, First Citizens Bank. Several lesser known but trustworthy options include Utah-based Utah Mortgage Loan Corporation, Altius Mortgage.
How to calculate mortgage payment in Utah
Use our user-friendly calculator UT to evaluate your future monthly expenses. A detailed step-by-step instruction follows below.
Why and How to Use Our Mortgage Calculator
Use our house payment calculator Utah for thorough planning of your future spendings. Let’s take a closer look at each field in order to gain a better understanding of the mortgage in Utah parameters.
The initial aspect to consider is the home price, which signifies the amount you intend to invest in your future property. A down payment is the upfront portion of this price that needs to be paid. To avoid costly insurance premiums, it's advisable to aim for a minimum down payment of 20%, particularly in the case of a conventional loan. The remaining sum constitutes the principal, typically amounting to 80% of the home price when a 20% down payment is made.
Next, the loan term defines the duration within which you will fully repay your mortgage through scheduled payments. Fixed-rate conforming loans can extend up to 30 years in most cases, while adjustable-rate options usually have shorter terms.
An interest rate is a fixed or floating fraction of the principal that you must pay through the duration of the loan. It is worth mentioning that you are actually charged an annual percentage rate (commonly abbreviated as APR), which is not exactly the same as the interest rate. Although the interest rate makes up the bulk of the APR value, the latter also includes various fees (e.g. origination fee, closing costs, insurance payments etc).
For a more precise assessment, the interest rate utilized for these calculations is based on the current mortgage rates in Utah, assuming a $400,000 home price and a 10% down payment.
Median property taxes in Utah counties
Another crucial factor to take into account when choosing your future home is property tax. It's essential to be aware of the property tax rates in your area as they can significantly impact your overall homeownership expenses.
County | Avg. property tax rate | Avg. home value |
---|---|---|
Beaver County | $688 | $147,300 |
Box Elder County | $953 | $179,600 |
Cache County | $942 | $218,400 |
Carbon County | $617 | $129,900 |
Daggett County | $680 | $202,900 |
Davis County | $1,354 | $282,800 |
Duchesne County | $927 | $178,100 |
Emery County | $620 | $136,200 |
Garfield County | $646 | $166,300 |
Grand County | $808 | $230,900 |
Iron County | $1,043 | $183,100 |
Juab County | $984 | $175,800 |
Kane County | $846 | $190,200 |
Millard County | $626 | $150,300 |
Morgan County | $1,303 | $311,000 |
Piute County | $623 | $143,800 |
Rich County | $422 | $160,400 |
Salt Lake County | $1,588 | $301,700 |
San Juan County | $911 | $136,600 |
Sanpete County | $817 | $169,400 |
Sevier County | $795 | $152,800 |
Summit County | $1,921 | $558,300 |
Tooele County | $1,046 | $224,000 |
Uintah County | $940 | $194,800 |
Utah County | $1,287 | $297,900 |
Wasatch County | $1,487 | $357,300 |
Washington County | $1,231 | $279,800 |
Wayne County | $563 | $175,800 |
Weber County | $1,289 | $221,000 |
Source: American Communities Survey 2016, U.S. Census
Utah Housing Market 2025
The past year has seen a steep increase in the market value of housing in Utah. This continues a longstanding trend amplified by the COVID pandemic. Nevertheless, the pace of growth has diminished compared to the previous year, while both purchase and refinance rates have been on the increase for some time and are expected to rise further in the near future.
How do I calculate my mortgage payment?
The most convenient way to do this is to make use of our calculator. It's powered by a simple formula, which you can also use to calculate the amount to be paid by hand:
M = P*i(1 + i)^n / (1 + i)^n – 1
M – estimated monthly mortgage payment;
P – principal;
I – monthly interest rate (to determine it, divide your annual mortgage rate by 12);
N – the loan term expressed in months (in other words, the overall number of monthly payments)
Imagine you are applying for a 15-year mortgage loan with a fixed 6.99% APR (which is .0699 as a unit fraction). The house costs $500k, with 10% ($50,000) to be paid down. The principal amount (P) will be equal to 90% of the initial home cost ($500,000 – $50,000 = $450,000).
I = .0699 % / 12 = .005825%.
Finally, let’s convert the loan length from years to months: N = 15 * 12 = 180.
M ($) = 450,000*.005825(1 + .005825)^180 / (1 + .005825)^180 – 1 ≈ 4042.
So, you are going to pay about $4042 a month.
It is important to note that the calculated M value is approximate, as no extra fees are taken into account.
Tips for first-time home buyers in Utah
First, there are several federal agencies (USDA, FHA and VA) that guarantee loans for selected borrowers. Many first-time homebuyers can find options which most fit their budget.
Besides these government-guaranteed programs, it is worth considering some offers from UHC (Utah Housing Corporation) available to Utahns. In particular, first-time home buyers can apply for FirstHome – down payment and closing costs assistance program, if they qualify for a FHA loan and their FICO score is at least 660. This option covers up to 6% of the loan amount toward down payment and/or the closing costs. It is important to note that this option comes in the form of a 30-year-fixed-rate second loan only. If you do not qualify for the FirstHome program, do not despair. Utah Housing Score Loan is an alternative program that covers up to 4%. The minimum satisfactory credit score is 620.
Here are some valuable tips for first-time homebuyers:
- Get Pre-Approved Early. Obtain pre-approval for a mortgage before you start house hunting. This boosts your credibility in the eyes of home sellers. It's advisable to secure pre-approval letters from not just one, but at least two or three different lenders.
- Compare Mortgage Rates. Don't settle for the first offer you receive. Compare mortgage rates from a minimum of three different lenders. The more options you explore, the better chance you have of finding a favorable rate.
- Plan Based on Pre-Approval Amount. Use the amount you've been pre-approved for as a foundation for your financial planning. Calculate your prospective expenses and budget accordingly.
- Prioritize Saving for a Down Payment. Start saving for a down payment as early as possible. A larger down payment reduces the principal amount, potentially lowering your overall costs. Initiate your savings plan well in advance.
- Consider VA Loans if Eligible. If you're eligible for a VA loan (for veterans and active-duty military), it's often a favorable choice due to its beneficial terms. Explore this option before others.
- Explore Government-Backed and Local Assistance Programs. Investigate government-backed mortgage programs and local assistance initiatives. These programs may offer enticing benefits, so be sure not to overlook them.
- Manage Existing Debts. If feasible, work on paying off any existing debts before applying for a mortgage. Reducing your debt burden can improve your financial standing and increase your chances of securing a favorable loan.
These tips can help you navigate the complex process of buying your first home and make informed decisions along the way.