CALCMONEY // MORTGAGE // UT // PROVO
Calculate your monthly mortgage payment using Provo-specific property tax rates and local market data.
$445,000
6.9%
0.65%
103
| Principal & Interest | $2,345 |
| Property Tax | $241 |
| Homeowners Insurance (est.) | $148 |
| Total Monthly Payment (PITI) | $2,734 |
$89,000
$488,062
$117,171/yr
Provo homebuyers are working with a $445,000 median price point, 6% above the national figure. Against the $72,000 median household income in the area, that's a 6.2x multiple.
Provo's 0.65% property tax rate runs below the 1.1% national average. That's $241/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Utah taxes wage income. Worth running your actual take-home pay against the $2,734/month payment here before locking in a target price.
Day-to-day expenses in Provo track at 103 against the national 100 baseline, above average once you look past the mortgage payment itself.
Provo's median home price runs 16% lower than nearby Salt Lake City: $530,000 there versus $445,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $356,000 loan saves $16,020 in interest over 30 years.
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