Monthly Payment on a $100K Mortgage in Utah
Using Utah's 0.58% property tax rate and $1,200/yr homeowners insurance.
$100K Mortgage in Utah: Rate Comparison
Monthly PITI payment using Utah's 0.58% property tax and $1,200/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $743 | $712 | $603 |
| 6.0% | $773 | $740 | $628 |
| 6.5% | $804 | $770 | $654 |
| 7.0% | $836 | $800 | $681 |
| 7.5% | $868 | $830 | $708 |
| 8.0% | $901 | $861 | $735 |
How This Compares to Utah's Median
A $100K home is 79% below Utah's median of $480K. This is well within reach in many Utah communities.
Income Needed for a $100K Home in Utah
To afford this payment of $770/mo in Utah, you'd need a household income of approximately $33K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $30K salary can afford →Closing Costs in Utah
Estimated closing costs in Utah: $1K (1.3% of purchase price). Utah has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $100K Mortgage in Utah
With 10% down ($10,000), your loan of $90,000 at 6.5% over 30 years produces a principal and interest payment of $569/mo. Adding Utah's 0.58% property tax ($48/mo) and $1,200/yr insurance ($100/mo) brings your total to $770/mo. Because you're putting less than 20% down, PMI adds $53/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.