Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Utah homebuyers.
Pre-filled with Utah medians. Adjust for your property.
Estimated closing costs based on Utah tax rates and fees.
The median home price in Utah is $480,000, with property taxes averaging 0.58% annually. Utah's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in Utah average $6K (1.3%% of purchase price). Utah does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $1,200 per year. This is within the normal range nationally.
Utah offers the UHC FirstHome Loan for first-time buyers: Up to 6% DPA second. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Utah is a higher-cost market. At $480K median, buyers need significant savings or strong income. Down payment assistance and competitive rate-shopping become especially important.