Cost of Ownership · Utah
The true cost of owning a home in Utah
For a median $489,400 home in Utah, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$3,279/mo
PITI + PMI
True monthly cost
$3,687/mo
everything, incl. upkeep
The gap
+$408/mo
what approval leaves out
Effective property-tax rate
0.52%
Avg. homeowners premium
$937/yr
NFIP flood claims on record
1,204
Closing costs in Utah
Median closing costs and lender origination charges on real home-purchase loans in Utah, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$8,302
Typically $4,793–$13,351
Median origination charges
$5,238
Typically $2,350–$8,251
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,793 | $8,302 | $13,351 | 36,282 |
| All | $5,026 | $8,718 | $13,516 | 33,026 |
| < $250k | $3,477 | $4,704 | $6,495 | 3,010 |
| < $250k | $3,395 | $5,020 | $6,973 | 3,128 |
| $250k–$500k | $4,875 | $8,429 | $12,961 | 20,329 |
| $250k–$500k | $5,557 | $8,816 | $13,167 | 19,900 |
| $500k–$750k | $5,179 | $10,309 | $15,714 | 8,027 |
| $500k–$750k | $5,074 | $9,971 | $15,145 | 9,437 |
| > $750k | $5,336 | $9,302 | $16,089 | 3,506 |
| > $750k | $5,605 | $12,011 | $19,181 | 1,971 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Utah
- What are the median closing costs in Utah?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Utah are about $8,302, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Utah?
- The effective property-tax rate in Utah is about 0.52%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Utah?
- A median $489,400 home in Utah costs about $3,687 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $3,279. Every figure is from public data.
These figures use Utah's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Utah ranks on property tax and insurance, or browse every state.