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Mortgage Calculator &
Closing Costs: Spanish Fork, UT

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

Median Home Price
$425K
Population
43K
Avg Monthly Rent
$1,380
Property Tax Rate
0.58%
Spanish Fork vs Utah Median
The median home price in Spanish Fork is $425,000, which is 11% below the Utah state median of $480,000.

Mortgage Calculator — Spanish Fork, UT

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

$
$85,000
%
%
years
UT avg
%
$
Monthly Payment (PITI)
$2,454
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$2,149
per month
Taxes & Insurance
$305
per month
Total Interest Paid
$434K
over 30 years
Total Loan Cost
$774K
all payments
Payment Breakdown
Loan Amount$340,000
Principal & Interest$2,149
Property Taxes$205
Homeowners Insurance$100
Total Monthly PITI$2,454

Closing Costs — Spanish Fork, UT

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

$
%
Utah: Avg closing costs 1.3% of price. Transfer tax: 0%.
Estimated Closing Costs
$10,714
2.5% of purchase price
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Lender Fees
$3,485
origination, underwriting
Third-Party
$3,575
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,654
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$3,060
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,425
Recording Fee$150
Prepaid Taxes (3 mo)$616
Prepaid Insurance (12 mo)$1,200
Prepaid Interest (15 days)$1,022
Escrow Reserves$816
Total Closing Costs$10,714

Buying a Home in Spanish Fork, Utah

The median home price in Spanish Fork is $425,000, 11% below the Utah state median of $480,000. With a population of 42,602, Spanish Fork 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 Spanish Fork 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 Spanish Fork is $1,380/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.

Spanish Fork is a higher-cost market. At $425K median, buyers need significant savings or strong income. Down payment assistance through Utah's UHC FirstHome Loan program becomes especially important.

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Compare total costs of renting vs buying in Spanish Fork.
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