CALCMONEY // MORTGAGE // UT // SALT LAKE CITY
Calculate your monthly mortgage payment using Salt Lake City-specific property tax rates and local market data.
$530,000
6.9%
0.68%
109
| Principal & Interest | $2,792 |
| Property Tax | $300 |
| Homeowners Insurance (est.) | $177 |
| Total Monthly Payment (PITI) | $3,269 |
$106,000
$581,287
$140,120/yr
Salt Lake City homebuyers are working with a $530,000 median price point, 26% above the national figure. Against the $80,000 median household income in the area, that's a 6.6x multiple.
Salt Lake City's 0.68% property tax rate runs below the 1.1% national average. That's $300/month on the median home here, not a rounding error against the mortgage payment.
Utah levies a state income tax on top of the $3,269/month this mortgage runs. Model your real after-tax take-home before deciding how much payment you can carry.
Salt Lake City's cost of living index is 109, above the 100 national baseline. That's on top of the housing numbers above, not instead of them.
Salt Lake City's median home price runs 19% higher than nearby Provo: $445,000 there versus $530,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $424,000 loan saves $19,080 in interest over 30 years.
Compare Top Salt Lake City Mortgage LendersProvo
$445,000 median
UTWest Valley City
$410,000 median
UTWest Jordan
$430,000 median
UTOgden
$380,000 median
Neighborhood-level data for 2 ZIP codes in Salt Lake City. Rates, home prices, and estimated payments vary by area.