Typical Utah mortgage payment
The median home price in Utah is roughly $540,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $4,270 | $2,899 |
| 5.50% | $4,412 | $3,066 |
| 6.00% | $4,557 | $3,238 |
| 6.50% | $4,704 | $3,413 |
| 7.00% | $4,854 | $3,593 |
| 7.50% | $5,006 | $3,776 |
| 8.00% | $5,161 | $3,962 |
At 6.50% over 30 years, a $540,000 home in Utah costs about $3,413/month in principal & interest.
What affects your Utah payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.