Mortgage on a $400K house in Utah
$2,521 a month with 20% down — $2,153 principal and interest plus $168 property tax and $200 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $168 a month on a $400K home. The typical home in Utah is worth $532,920, so $400K is 25% below the typical price.
$400K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $368 | $2,521 | $108,000 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $368 | $2,940 | $126,000 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $368 | $3,083 | $132,100 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $368 | $3,187 | $136,600 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Iron County | $409,337 | 0.41% | $2,490 |
| Sanpete County | $383,940 | 0.47% | $2,508 |
| Kane County | $423,630 | 0.4% | $2,485 |
| Duchesne County | $371,261 | 0.61% | $2,557 |
| Daggett County | $366,031 | 0.46% | $2,507 |
| Uintah County | $356,398 | 0.51% | $2,523 |
| San Juan County | $355,310 | 0.8% | $2,618 |
| Box Elder County | $445,062 | 0.49% | $2,515 |
| Wayne County | $446,206 | 0.34% | $2,465 |
| Juab County | $451,055 | 0.45% | $2,503 |
| Weber County | $454,063 | 0.6% | $2,552 |
11 of 28 Utah counties tracked by Zillow have a typical home value at or below $400K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $400K house in Utah?
About $2,521 a month with 20% down at 7.11%: $2,153 principal and interest, $168 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Utah?
About $108,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Utah?
At Utah's typical effective rate of 0.5%, about $2,015 a year. Rates vary by county and city — see the county pages.