Estimate your monthly mortgage payment in Utah — principal & interest plus Utah property tax and homeowner’s insurance.
Buying a home in Utah: what to know
The typical Utah home is worth about $534,582 (Zillow ZHVI, August 2026), up 0.3% from a year earlier — among the priciest states in the Mountain West. Utah’s median effective property tax rate is only 0.48% (Tax Foundation, 2026), among the lowest in the nation, and homeowners insurance averages just $937 a year (NAIC 2022). This calculator estimates your full monthly payment — principal, interest, taxes, insurance and PMI — with Utah’s figures pre-filled, and includes help from Utah Housing Corporation’s FirstHome and HomeAgain programs.
Utah mortgage facts
| Fact | Figure |
|---|---|
| 2026 conforming loan limit (1-unit) | $832,750 ($1,150,000 in Summit and Wasatch counties / the Park City area) |
| Median home price | $534,582 |
| Median effective property tax rate | 0.48% |
| Average homeowner’s insurance | $937/year |
Data as of October 2026. Sources: FHFA (2026 conforming limits), Zillow ZHVI (August 2026), Tax Foundation (2026 (2024 ACS data)), NAIC via Insurance Information Institute (2022 (published May 2025)); rate: 7.40% (Freddie Mac PMMS, week ending October 15, 2026)
Utah first-time buyer programs
- UHC FirstHome Loan — Utah Housing Corporation’s flagship program for first-time buyers: a below-market-rate first mortgage plus up to 6% of the loan amount (max $27,500) in down payment assistance as a second mortgage. Minimum 660 credit score; income and purchase-price limits vary by county. Typically UHC’s lowest available rate. Official site
- UHC HomeAgain Loan — For first-time and repeat buyers who don’t fit FirstHome: up to 6% of the loan amount (max $27,500) in down payment assistance with no purchase-price limit — useful in higher-priced markets. Minimum 660 credit score, UHC-approved lender required. Official site
How to use this calculator
Start with the pre-filled $534,582 typical home value and adjust for your market — Salt Lake and Utah counties run high, while rural areas are far cheaper; Park City area buyers should note values near $1.75 million. Enter your down payment; 20% avoids PMI, but UHC’s FirstHome or HomeAgain loans can cover up to 6% of your loan for down payment and closing costs. Utah’s 0.48% effective tax rate and $937 average insurance are applied automatically. Set the rate to your actual quote. Most Utah counties use the $832,750 conforming limit, but Summit and Wasatch counties (Park City area) allow up to $1,150,000.
Worked example: a median Utah home
Take a median-priced Utah home at $534,582. With 20% down ($106,916.40), the loan amount is $427,665.60. At 7.40% (Freddie Mac PMMS, week ending October 15, 2026) on a 30-year fixed term, principal and interest come to $2,961.07/month. Add property tax of about $213.83/month (0.48% of $534,582, divided by 12) and insurance of about $78.08/month ($937 a year), for a total estimated payment of $3,252.99/month. Over 30 years, total interest would be about $638,319.68. Your rate, down payment, and county tax bill will move these numbers — use the calculator above with your own figures.
What is the conforming loan limit in Utah for 2026?
The 2026 baseline conforming loan limit is $832,750 for a single-family home, per the FHFA’s November 2025 announcement. Summit and Wasatch counties (the Park City area) are designated high-cost areas with a limit of $1,150,000 — so buyers there can borrow substantially more before crossing into jumbo territory. All other Utah counties use the $832,750 baseline.
How much are property taxes in Utah?
The median effective property tax rate in Utah is about 0.48% (Tax Foundation, 2026 (2024 ACS data)) — one of the lowest in the US. On a $534,582 home, that’s roughly $2,566 a year, or $214 a month — already included in the calculator above. Actual bills vary by county.
Why are Utah’s property taxes so low relative to home prices?
Utah gives owner-occupied primary residences a 45% residential exemption — you’re effectively taxed on only 55% of your home’s market value. That exemption is the main reason the effective rate sits at 0.48% despite home values over $500,000. Rental and second homes don’t get the exemption and are taxed on full value, so investor-owned properties carry much higher bills.
What homebuyer programs does the Utah Housing Corporation offer?
UHC’s FirstHome program pairs a below-market first mortgage with up to 6% down payment assistance (max $27,500) for first-time buyers. HomeAgain extends similar assistance to repeat buyers with no purchase-price cap. A separate state SB 240 program offers up to $20,000 at 0% interest for first-time buyers purchasing new construction under $450,000. All require a UHC-approved lender.
Is Utah’s housing market rising or falling?
Utah’s typical home value was $534,582 in August 2026, up 0.3% from a year earlier (Zillow ZHVI) — essentially flat after the huge pandemic-era run-up, when Utah gained over 64% above inflation since 2000. The Park City/Summit County market remains in a different universe, with typical values near $1.75 million.