BUYER & SELLER TOOLS
Mortgage Calculator
Estimate your full monthly payment — principal, interest, taxes, insurance, and HOA — so you can shop with a real number in mind.
= 20.0% of the home price
Estimates only — not a lending quote. Talk to Ethan for numbers specific to your situation.
How to estimate a real Utah house payment
Most mortgage calculators stop at principal and interest, which is why so many buyers get surprised at closing. Your actual monthly payment includes property taxes, homeowner's insurance, and — in many Utah communities — an HOA fee. This calculator models all of it using the standard amortization formula lenders use.
A useful rule of thumb: on a 30-year loan, every $100,000 borrowed costs roughly $600–$700 per month in principal and interest at recent rate levels. Taxes, insurance, and HOA typically add another 15–25% on top — which is exactly the gap this tool is built to show you.
Utah specifics worth knowing
- Utah gives primary residences a 45% residential exemption — you're taxed on 55% of market value — which is why Utah's effective property tax rates are lower than many buyers expect.
- Second homes and investment properties do not get that exemption, so budget meaningfully higher taxes on a Park City condo or rental than on a primary home of the same price.
- Many newer Utah communities (Daybreak, Suncrest, most townhome projects) carry HOA fees — always add them to your affordability math, not as an afterthought.
- Buyer closing costs in Utah typically run just 0.5–1% of the purchase price — far lower than the national rule of thumb — with lender fees and prepaid taxes/insurance varying by loan.
Common questions
How much are property taxes in Utah?
Utah's effective property tax rates are among the lower ones in the country for primary residences, thanks to the 45% residential exemption — owner-occupied homes are taxed on just 55% of assessed market value. Actual rates vary by county and city. Second homes and rentals are taxed on full value, so their bills run noticeably higher.
What down payment do I need to buy a home in Utah?
Conventional loans start around 3% down for qualified buyers, FHA requires 3.5%, and VA loans can be 0% down. Putting less than 20% down on a conventional loan usually adds private mortgage insurance (PMI) to the payment. Utah Housing Corporation programs can also help first-time buyers with down payment assistance.
Should I include HOA fees in my mortgage budget?
Yes — lenders do. HOA dues count toward your debt-to-income ratio just like the mortgage payment itself, and in communities like Daybreak or Suncrest they're a permanent part of the monthly cost of the home.