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.
Provo mortgage calculator
A median-priced Provo, UT home at 6.75% over 30 years, with Utah property tax of 0.55% and $1,300 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,771 a month, all in
Principal and interest are $3,187; escrow and PMI add the rest. Over the full term the loan costs $655,996 in interest. Discounted at 5%, buying here has a net present value of $-26,524 ($273,902 in today’s dollars).
Within Utah, Provo is 3rd of the 5 Utah markets covered here, between St. George at the top and Ogden at the bottom of a 1.41x spread. A state-level median hides most of that.
The price-to-rent ratio here is 24.1 ($546,000 to buy, $1,890 a month to rent), which is high. Renting and investing the deposit is a genuine alternative in Provo, not a fallback position.
Provo carries a premium over the rest of Utah: a median home here runs $546,000, about 5% above the state median of $520,000. The deposit moves with it, so the same 20% down is $109,200 rather than $104,000.
Monthly cost in Provo vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $546,000 |
|---|---|
| Down payment (10%) | $54,600 |
| Loan amount | $491,400 |
| Principal & interest | $3,187/mo |
| Property tax (0.55%) | $250/mo |
| Homeowners insurance | $108/mo |
| PMI while above 80% LTV | $225/mo |
| Total monthly payment | $3,771/mo |
| Comparable rent | $1,890/mo |
What a rate move does to the Provo payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,790/mo |
| 6% | $2,946/mo |
| 6.5% | $3,106/mo |
| 7% | $3,269/mo |
| 7.5% | $3,436/mo |
| 8% | $3,606/mo |
Rent or buy in Provo?
Against $1,890 a month in rent, over 7 years renting leaves you about $125,543 better off — $105,615 once 2.5% inflation is stripped out. See the Utah rent-vs-buy page.
Where these numbers come from
Utah medians come from editorial and are refreshed weekly. The Provo figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.