Mortgage on a $300K house in Utah
$1,890 a month with 20% down — $1,614 principal and interest plus $126 property tax and $150 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $126 a month on a $300K home. The typical home in Utah is worth $532,920, so $300K is 44% below the typical price.
$300K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $276 | $1,890 | $81,000 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $276 | $2,205 | $94,500 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $276 | $2,312 | $99,100 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $276 | $2,390 | $102,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.5% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Utah does $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Emery County | $296,446 | 0.62% | $1,919 |
| Beaver County | $312,630 | 0.4% | $1,865 |
| Carbon County | $279,151 | 0.61% | $1,917 |
| Sevier County | $337,039 | 0.54% | $1,900 |
| Millard County | $338,042 | 0.51% | $1,892 |
3 of 28 Utah counties tracked by Zillow have a typical home value at or below $300K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $300K house in Utah?
About $1,890 a month with 20% down at 7.11%: $1,614 principal and interest, $126 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Utah?
About $81,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Utah?
At Utah's typical effective rate of 0.5%, about $1,512 a year. Rates vary by county and city — see the county pages.