Mortgage on a $850K house in Utah
$5,356 a month with 20% down — $4,574 principal and interest plus $357 property tax and $425 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $357 a month on a $850K home. The typical home in Utah is worth $532,920, so $850K is 59% above the typical price.
$850K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $170,000 | $680,000 | $4,574 | $0 | $782 | $5,356 | $229,600 |
| 10% down | $85,000 | $765,000 | $5,146 | $319 | $782 | $6,247 | $267,700 |
| 5% down | $42,500 | $807,500 | $5,432 | $336 | $782 | $6,550 | $280,700 |
| 3.5% down (FHA) | $29,750 | $834,604 | $5,614 | $376 | $782 | $6,772 | $290,200 |
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 $850K buy a typical home?
In these counties the typical home value is within 15% of $850K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Wasatch County | $942,914 | 0.46% | $5,325 |
| Morgan County | $737,920 | 0.52% | $5,368 |
26 of 28 Utah counties tracked by Zillow have a typical home value at or below $850K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $850K house in Utah?
About $5,356 a month with 20% down at 7.11%: $4,574 principal and interest, $357 property tax and $425 insurance.
How much do I need to make to buy a $850K house in Utah?
About $229,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $850K house in Utah?
At Utah's typical effective rate of 0.5%, about $4,283 a year. Rates vary by county and city — see the county pages.