Utah Mortgage Calculator 2026
Calculate your monthly mortgage payment in Utah. Updated with 2026 Utah mortgage rates (6.3% avg), property tax (0.58%), and insurance. 10,000+ Utah homebuyers use this free calculator.
How to Use This Utah Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Utah. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Utah Mortgage Rates in 2026
The average mortgage rate in Utah is currently 6.3% for a 30-year fixed-rate loan. Rates typically range from 6.0% to 6.6% depending on your credit score and down payment.
Utah Property Taxes
Utah has an effective property tax rate of approximately 0.58% per year, lower than the national average.
Average Home Price in Utah
The median home price in Utah is approximately $480,000. At 20% down ($96,000), your loan amount is $384,000. Monthly P&I at 6.3% is approximately $2,376.
30-Year vs 15-Year Mortgage in Utah
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.3% | $2,376 | $471,360 |
| 15-Year Fixed @ 6.3% | $3,302 | $210,360 |
Utah Home Price Trends (2020-2026)
- Median home price 2026: $510K
- 5-year change (2020-2026): +47.8% ($345K → $510K)
- 1-year change (2025-2026): +1.6%
- Peak price: $510K (2026)
Utah Rent Price Trends (2020-2026)
- Median rent 2026: $1,745/month
- 5-year change (2020-2026): +45.4% ($1,200 → $1,745/month)
- 1-year change (2025-2026): +1.7%
- Annual rent cost: $20,940/year
Buy vs Rent: Utah Price-to-Rent Ratio
- Price-to-rent ratio: 24.4 (median home price ÷ annual rent)
- Assessment: Renting is more affordable than buying
- Rule of thumb: Ratio below 15 favors buying; above 20 favors renting; 15-20 is a toss-up
- Estimated monthly mortgage: ~$3,315/month (6.5% rate, 20% down)
- Monthly rent: $1,745/month
Data sources: Zillow Home Value Index, FRED, Census Bureau estimates. 2026 figures are projected based on recent trends.
Popular Cities in Utah
Frequently Asked Questions
What is the average mortgage rate in Utah?
As of 2026, average Utah mortgage rates range from 6.0% to 6.6% for a 30-year fixed-rate loan.
How much down payment do I need in Utah?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Utah?
Utah has an effective property tax rate of approximately 0.58% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Utah mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Utah?
Mortgage approval in Utah typically takes 30-45 days from application to closing.