Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Utah mortgage costs
What a typical Utah (UT) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $520,000 |
|---|---|
| 10% down payment | $52,000 |
| Loan amount | $468,000 |
| Principal & interest (30yr @ 6.75%) | $3,035/mo |
| Property tax (0.55%) | $238/mo |
| Homeowners insurance | $108/mo |
| PMI (until 20% equity) | $195/mo |
| Estimated total monthly | $3,577/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Utah different
Owner-occupied homes get a 45% exemption from taxable value, so listing tax figures for rentals overstate an owner's escrow.
Renting deserves a serious look here. $520,000 to buy against $1,800 a month to rent is a price-to-rent ratio of 24.1, the 3rd highest in the country; at that level the deposit invested elsewhere is a real competitor rather than a consolation.
Property tax is the cheap part of owning here. At 0.55% the effective rate is the 5th lowest in the country, which on a median $520,000 home is only $238 a month — $2,860 a year that buyers in higher-rate states simply have to find.
Insurance is comparatively mild: $1,300 a year is the 6th lowest in the country, or $108 a month against $238 of property tax.
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