Mortgage on a $650K house in Utah
$4,096 a month with 20% down — $3,498 principal and interest plus $273 property tax and $325 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $273 a month on a $650K home. The typical home in Utah is worth $532,920, so $650K is 22% above the typical price.
$650K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $598 | $4,096 | $175,500 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $598 | $4,777 | $204,700 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $598 | $5,009 | $214,700 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $598 | $5,179 | $221,900 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Rich County | $578,199 | 0.26% | $3,962 |
| Grand County | $568,599 | 0.41% | $4,046 |
| Salt Lake County | $567,330 | 0.54% | $4,115 |
| Morgan County | $737,920 | 0.52% | $4,105 |
| Davis County | $553,103 | 0.53% | $4,109 |
25 of 28 Utah counties tracked by Zillow have a typical home value at or below $650K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $650K house in Utah?
About $4,096 a month with 20% down at 7.11%: $3,498 principal and interest, $273 property tax and $325 insurance.
How much do I need to make to buy a $650K house in Utah?
About $175,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in Utah?
At Utah's typical effective rate of 0.5%, about $3,275 a year. Rates vary by county and city — see the county pages.