Mortgage Rates in Tooele, Utah — March 2026
Updated March 2026 | Based on Tooele market data and regional lending conditions
Tooele is a growing city in Utah with a population of 35,742. The current 30-year fixed mortgage rate in Tooele is 6.63%, which is 0.02% below the national average. With a median home price of $385,000 and a 20% down payment of $77,000, homebuyers can expect a monthly principal and interest payment of approximately $1,973.
Current Mortgage Rates in Tooele, UT
Below are the current average mortgage rates available in the Tooele area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.13% | 6.15% | -0.02% |
| FHA | 6.23% | 6.25% | -0.02% |
| VA | 6.03% | 6.05% | -0.02% |
| Jumbo | 6.83% | 6.85% | -0.02% |
Tooele Housing Market Overview
The Tooele housing market reflects moderate demand with prices near the national average. The median household income in Tooele is $62,000, and the cost of living index is 95 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $92,657 to comfortably afford the median-priced home in Tooele, which exceeds the current median household income.
Monthly Payment Breakdown for Tooele
Based on the median home price of $385,000 with 20% down ($77,000), here is what you can expect to pay monthly in Tooele:
15-Year vs. 30-Year Mortgage in Tooele
Choosing a 15-year mortgage in Tooele at 5.87% instead of a 30-year at 6.63% would save you $246,420 in total interest over the life of the loan. However, your monthly payment would be $2,577 instead of $1,973 — an increase of $604 per month.
Calculate Your Tooele Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Tooele
What are the current mortgage rates in Tooele, UT?
As of March 2026, the average 30-year fixed mortgage rate in Tooele, Utah is 6.63%, while the 15-year fixed rate is 5.87%. FHA loans average 6.23% and VA loans 6.03%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Tooele?
Based on the median home price of $385,000 with 20% down, the estimated monthly mortgage payment in Tooele is $1,973 for principal and interest. Including property taxes of $189/month, the total monthly housing cost is approximately $2,162.
What income do I need to buy a home in Tooele?
Using the 28% rule, you would need an annual income of approximately $92,657 to afford the median-priced home in Tooele at $385,000. The median household income in Tooele is $62,000. This means most households would need to either earn above the median or consider homes below $385,000.
Is Tooele a good place to buy a home in 2026?
Tooele offers a below-average cost of living with a cost of living index of 95 (national average = 100). The property tax rate in Utah is 0.59%, which is below the national average. Tooele has a population of 35,742 and offers a balanced lifestyle.
Mortgage Rates in Other Utah Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Tooele, Utah area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.