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Utah Mortgage Calculator — Estimate Your Monthly Payment | Randall Gorham
🏡 Buyer Tool

Utah
Mortgage Calculator

Estimate your full monthly payment on a Northern Utah home — principal, interest, taxes, insurance, PMI, and HOA. Real local data for Davis, Weber, and Box Elder Counties.

Loan Details
Home price $450,000
Down payment $90,000 (20%)
⚠ PMI applies — down payment under 20%
Interest rate 6.8%
Loan term 30 years
Taxes & Insurance
Annual property tax $2,700/yr
Davis/Weber avg: 0.55–0.65% of assessed value
Home insurance $1,200/yr
Optional if applicable
HOA fees $0/mo
Common in Syracuse, West Point, newer communities
Estimated Monthly Payment
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30-yr fixed · 6.8% · $360,000 loan
Principal & Interest
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Property Tax
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Insurance
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Total Interest Paid
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Est. PMI
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Monthly Payment Breakdown
Principal
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Interest
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Tax
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Insurance
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PMI
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HOA
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Ready to find homes in your budget in Northern Utah?

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How much house can you afford in Northern Utah?

Whether you're buying your first home in Layton, upsizing in Farmington, or relocating to Ogden from out of state, understanding your full monthly payment is the first step. This calculator gives you a realistic estimate — including principal, interest, property taxes, homeowner's insurance, PMI, and HOA — using real Northern Utah data.

Adjust the sliders to match your target price, down payment, and current interest rate. The property tax defaults reflect Davis and Weber County effective rates of 0.55–0.65% — not a national average that doesn't apply here.

Davis Co. Median Price
~$465,000
2026 median
Weber Co. Median Price
~$375,000
2026 median
Property Tax Rate
~0.55–0.65%
Davis & Weber Counties
Typical Insurance
$900–$1,500
per year, Utah average

What's included in this calculator

Principal & Interest — the core mortgage payment based on your loan amount, rate, and term. In early years, the vast majority of this payment is interest. Property Tax — collected monthly through your escrow account. Homeowner's Insurance — also escrowed. PMI — automatically calculated when your down payment is under 20%; disappears once you reach 20% equity. HOA — enter your monthly fee if the community has one.

Utah Down Payment Assistance Programs

If you're a first-time buyer, you may qualify for assistance that reduces your out-of-pocket costs:

  • Utah Housing Corporation FirstHome Loan — down payment assistance for first-time buyers statewide
  • HomeAgain Loan — for buyers who have owned before; competitive rates with assistance
  • Score Loan — designed for buyers with lower credit scores (620+)
  • VA Loans — zero down for military families near Hill Air Force Base
  • USDA Rural Development — zero down for eligible areas in Box Elder and Weber Counties

I work with buyers using all of these programs. Contact me to find out what you qualify for.

Frequently asked questions

Is it cheaper to buy in Weber County than Davis County?
Generally yes — Weber County medians run $75,000–$100,000 lower than Davis County. Ogden, Roy, and West Haven offer strong value for first-time buyers. Davis County commands a premium for proximity to Salt Lake City, top-rated schools, and newer master-planned communities.
Are property taxes high in Northern Utah?
Utah has some of the lowest property tax rates in the western US. Davis and Weber Counties run 0.55–0.65% of assessed value — significantly lower than California, Nevada, or Colorado. On a $400,000 home you'd pay roughly $2,200–$2,600 per year.
What are current mortgage rates in Utah?
Rates change daily and vary based on your credit score, loan type, and lender. As of 2026, 30-year fixed rates for well-qualified buyers have been in the 6.5–7.2% range. Get quotes from 2–3 local lenders — even a 0.25% difference saves thousands over the life of the loan.
What is PMI and when does it go away?
Private Mortgage Insurance is required on conventional loans when your down payment is under 20%. It typically costs 0.5–1% of the loan annually. Once you reach 20% equity — through payments, appreciation, or both — you can request removal. VA loans have no PMI regardless of down payment.
What are closing costs in Utah?
Closing costs typically run 2–4% of the purchase price for buyers. On a $450,000 home, budget $9,000–$18,000 in addition to your down payment. This covers lender fees, title insurance, escrow, prepaid taxes and insurance. Some loan programs allow sellers to contribute toward buyer closing costs.
Your Financial Situation
Annual household income $90,000
Monthly debts (car, student loans, etc.) $400/mo
Down payment saved $25,000
Interest rate 6.8%
💡 Uses the 28/36 rule — housing payment under 28% of gross income, total debts under 36%. These are guidelines; your lender will qualify you based on your full financial picture.
Estimated Home Price Range
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Based on 28/36 qualifying rule
Conservative
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Sweet Spot
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Max Stretch
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Max Monthly Payment (28%)
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After monthly debts
Your Down Payment %
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on the sweet spot price

Want a full pre-approval with real numbers?

Call Randall — (801) 430-4000
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Let's find your next home in Northern Utah

I specialize in Davis, Weber, and Box Elder Counties — from Bountiful and Farmington to Ogden and Brigham City. Let's talk about what fits your budget.

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