M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Payson, UT

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Payson, Utah.

Median Home Price
$395K
Population
21K
Avg Monthly Rent
$1,320
Property Tax Rate
0.58%
Payson vs Utah Median
The median home price in Payson is $395,000, which is 18% below the Utah state median of $480,000.

Mortgage Calculator — Payson, UT

Pre-filled with Payson median home price and Utah tax/insurance rates. Adjust for your property.

$
$79,000
%
%
years
UT avg
%
$
Monthly Payment (PITI)
$2,288
Principal + Interest + Tax + Insurance + PMI
Share:TwitterFacebook
Principal & Interest
$1,997
per month
Taxes & Insurance
$291
per month
Total Interest Paid
$403K
over 30 years
Total Loan Cost
$719K
all payments
Payment Breakdown
Loan Amount$316,000
Principal & Interest$1,997
Property Taxes$191
Homeowners Insurance$100
Total Monthly PITI$2,288

Closing Costs — Payson, UT

Estimated closing costs based on Utah rates and fees applied to Payson prices.

$
%
Utah: Avg closing costs 1.3% of price. Transfer tax: 0%.
Estimated Closing Costs
$10,189
2.6% of purchase price
Share:TwitterFacebook
Lender Fees
$3,269
origination, underwriting
Third-Party
$3,425
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,495
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,844
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,275
Recording Fee$150
Prepaid Taxes (3 mo)$573
Prepaid Insurance (12 mo)$1,200
Prepaid Interest (15 days)$950
Escrow Reserves$773
Total Closing Costs$10,189

Buying a Home in Payson, Utah

The median home price in Payson is $395,000, 18% below the Utah state median of $480,000. With a population of 21,236, Payson is a smaller market where home prices tend to be more accessible than in many parts of Utah.

Property taxes in Utah average 0.58% annually. This low property tax rate is a significant advantage for Payson buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Utah runs approximately $1,200 per year. This is within the normal range nationally.

Average rent in Payson is $1,320/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Payson presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Payson.
Rent vs Buy Calculator →
Explore all of Utah: Utah Mortgage Calculator & Closing Costs →

More Cities in Utah

Related Guides

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.