Mortgage on a $500K house in Utah
$3,151 a month with 20% down — $2,691 principal and interest plus $210 property tax and $250 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $210 a month on a $500K home. The typical home in Utah is worth $532,920, so $500K is 6% below the typical price.
$500K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $460 | $3,151 | $135,000 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $460 | $3,675 | $157,500 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $460 | $3,853 | $165,100 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $460 | $3,984 | $170,700 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Tooele County | $475,828 | 0.57% | $3,178 |
| Washington County | $524,987 | 0.42% | $3,117 |
| Cache County | $470,352 | 0.45% | $3,129 |
| Utah County | $540,291 | 0.44% | $3,124 |
| Weber County | $454,063 | 0.6% | $3,191 |
| Juab County | $451,055 | 0.45% | $3,128 |
| Davis County | $553,103 | 0.53% | $3,160 |
| Wayne County | $446,206 | 0.34% | $3,082 |
| Box Elder County | $445,062 | 0.49% | $3,144 |
| Salt Lake County | $567,330 | 0.54% | $3,166 |
| Grand County | $568,599 | 0.41% | $3,112 |
19 of 28 Utah counties tracked by Zillow have a typical home value at or below $500K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $500K house in Utah?
About $3,151 a month with 20% down at 7.11%: $2,691 principal and interest, $210 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Utah?
About $135,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Utah?
At Utah's typical effective rate of 0.5%, about $2,519 a year. Rates vary by county and city — see the county pages.