Utah Closing Cost Calculator
Estimate your out-of-pocket expenses before you close on your Utah home. Get a breakdown of lender fees, title costs, and prepaids.
Loan Details
Good News for Utahns!
Utah does NOT charge a real estate transfer tax, which saves you thousands compared to other states.
Estimated Closing Costs
Approx. 2.4% of home price
Lender Fees
$4,200
Origination, appraisal, processing.
Title & Escrow
$2,700
Title search, insurance, settlement.
Prepaids
$3,684
Taxes, insurance, prepaid interest.
Govt Recording
$150
County recording fees (No transfer tax!).
How Much Are Closing Costs in Utah?
The average closing costs in Utah range from 2% to 5% of the total loan amount. For a median-priced Utah home at $450,000, homebuyers can expect to pay between $9,000 and $22,500 in closing costs, depending on the loan type, lender, and county.
The Utah Advantage
Unlike many other states, Utah does not have a real estate transfer tax. This saves homebuyers thousands of dollars at the closing table. You only pay nominal county recording fees (usually under $150).
Who Pays What?
In Utah, buyers typically pay for their loan origination fees, appraisal, and lender's title insurance. Sellers traditionally pay real estate agent commissions and the owner's title insurance policy.
Breakdown of Utah Closing Costs
1. Lender Fees (Origination & Processing)
These are fees charged by your mortgage company to process, underwrite, and fund your loan. They usually total about 1% of the loan amount. This includes the appraisal fee (typically $500–$800 in Utah).
2. Title and Escrow Fees
Title companies handle the legal transfer of the property and ensure there are no liens against it. Fees vary slightly by county (e.g., Salt Lake County vs. Washington County) but generally cost around 0.5% of the purchase price.
3. Prepaids and Escrow Setup
Your lender will require you to pay for some expenses upfront at closing to seed your escrow account. This usually includes 3–6 months of Utah property taxes and a full year of homeowners insurance.
How to Use This Closing Cost Calculator
- Enter Home Price: Input the purchase price of the home.
- Set Down Payment: Enter your down payment amount. This helps calculate the loan amount, which affects lender fees.
- Adjust Rates and Fees: The calculator defaults to standard Utah averages (2% - 5%), but you can adjust the percentage based on your loan type.
- Review the Breakdown: See exactly how much cash you need to bring to the closing table.
Utah Closing Cost Example Scenarios
Example: $400,000 Home (FHA Loan)
- Down Payment (3.5%): $14,000
- Estimated Closing Costs (3%): $12,000
- Total Cash Needed: $26,000
- Note: FHA loans often allow seller concessions up to 6% to cover these costs.
Example: $600,000 Home (Conventional)
- Down Payment (20%): $120,000
- Estimated Closing Costs (2%): $12,000
- Total Cash Needed: $132,000
- Note: 20% down avoids PMI and usually results in lower overall closing percentages.
Frequently Asked Questions
How much are closing costs in Utah?
Closing costs in Utah typically range from 2% to 5% of the home's purchase price. For a median-priced $450,000 home, expect to pay between $9,000 and $22,500 in total closing costs.
Does Utah have a real estate transfer tax?
No, Utah is one of the few states that does not charge a real estate transfer tax. This significantly reduces closing costs for Utah homebuyers compared to other states.
Can closing costs be rolled into the loan?
Usually, closing costs on a purchase cannot be rolled into the loan amount (unlike a refinance). However, you can ask the seller to pay your closing costs (seller concessions) or use a lender credit where you take a slightly higher interest rate in exchange for the lender covering the costs.
Explore More Utah Mortgage Tools
Need Help Covering Closing Costs?
Many Utah buyers qualify for grants or lender credits that can cover up to 100% of your closing costs. Connect with a local expert to explore your options.
Get a Custom Rate Quote
Connect with a local Utah expert for personalized rates.