Mortgage on a $950K house in Utah
$5,986 a month with 20% down — $5,113 principal and interest plus $399 property tax and $475 insurance.
Utah's typical property tax is 0.5% of the home's value a year (U.S. average 0.9%), which adds $399 a month on a $950K home. The typical home in Utah is worth $532,920, so $950K is 78% above the typical price.
$950K home in Utah: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $190,000 | $760,000 | $5,113 | $0 | $874 | $5,986 | $256,600 |
| 10% down | $95,000 | $855,000 | $5,752 | $356 | $874 | $6,982 | $299,200 |
| 5% down | $47,500 | $902,500 | $6,071 | $376 | $874 | $7,321 | $313,800 |
| 3.5% down (FHA) | $33,250 | $932,793 | $6,275 | $420 | $874 | $7,569 | $324,400 |
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 $950K buy a typical home?
In these counties the typical home value is within 15% of $950K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Wasatch County | $942,914 | 0.46% | $5,952 |
27 of 28 Utah counties tracked by Zillow have a typical home value at or below $950K. See all Utah home prices.
Other prices in Utah
Frequently asked questions
What is the mortgage on a $950K house in Utah?
About $5,986 a month with 20% down at 7.11%: $5,113 principal and interest, $399 property tax and $475 insurance.
How much do I need to make to buy a $950K house in Utah?
About $256,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $950K house in Utah?
At Utah's typical effective rate of 0.5%, about $4,787 a year. Rates vary by county and city — see the county pages.