Home Equity and PMI Removal in Cottonwood Heights, UT 84121
Free LTV audit for Cottonwood Heights homeowners. EquityUp uses public Salt Lake County GIS assessor records to calculate your current loan-to-value ratio and prepare a lender-ready PMI removal report — no appraisal required to get started.
Start free LTV audit for Cottonwood Heights →Cottonwood Heights property data
Source: Salt Lake County public GIS assessor records for Cottonwood Heights, computed 2026-09-04.
At $786,743, the average Cottonwood Heights home is 25% above the Salt Lake County average of $628,256, ranking 2 of 13 cities EquityUp tracks in the county.
Put 10% down on a home at that price and you start with a $708,069 loan at 90% LTV, which carries roughly $502/month in PMI at a mid-range 0.85% annual rate, about $6,024 a year. Reaching the 80% threshold where you can demand cancellation takes $78,675 of combined paydown and appreciation on a Cottonwood Heights home of average value.
How PMI removal works in Cottonwood Heights
Under the federal Homeowners Protection Act, a Cottonwood Heights homeowner can request cancellation of private mortgage insurance once their loan-to-value ratio reaches the applicable threshold. Which threshold applies depends on the basis:
- Original value. Cancellation can be requested at 80% LTV (12 U.S.C. §4902(a)); the servicer must terminate PMI automatically at 78% (12 U.S.C. §4902(b)).
- Current value — the appreciation path. 75% LTV if the loan is under 5 years old (12 U.S.C. §4902(a)(3)(A)); 80% at 5 years or older (12 U.S.C. §4902(a)(3)(B)).
The appreciation path is measured against what the property is worth now, so it can carry a Cottonwood Heights homeowner across the threshold ahead of the amortization schedule.
EquityUp reads the specific parcel's assessed value from Salt Lake County records, calculates the current loan-to-value ratio, and on the paid tiers prepares the written request the homeowner submits to their own servicer, which must respond within 30 days.
Frequently asked questions
Sources and limitations
Last reviewed: .
EquityUp is a data and document-preparation service. It is not a lender, loan servicer, mortgage broker, or licensed appraiser, it does not provide legal or financial advice, and it does not contact lenders on a homeowner's behalf — the homeowner submits their own request.
Statutory basis
- Borrower-requested cancellation at 80% LTV of the property's original value — 12 U.S.C. §4902(a)
- Automatic termination at 78% LTV of the property's original value — 12 U.S.C. §4902(b)
- Cancellation on current value, loan under 5 years old, at 75% LTV — 12 U.S.C. §4902(a)(3)(A)
- Cancellation on current value, loan 5 years or older, at 80% LTV — 12 U.S.C. §4902(a)(3)(B)
What this page does not cover
- Coverage is limited to Utah, Salt Lake, Davis, and Weber counties in Utah. Properties outside these four counties are not in the dataset.
- County assessed values reflect the assessment cycle and typically lag the market by 12 to 18 months. Where an automated valuation or an FHFA county index adjustment is available, EquityUp applies it and says so in the response; where neither is, the unadjusted assessed value is used.
- City-level aggregates are filtered to detached single-family homes using the parcel-record proxy 'HOUSE_CNT = 1 AND BLDG_SQFT BETWEEN 800 AND 5000'. Condominiums, multi-family parcels, and homes outside that square-footage range are excluded.
- An LTV figure derived from an assessed or automated value is not an appraisal. A lender or servicer may require its own broker price opinion or appraisal, at the homeowner's expense, before acting on a cancellation request.
- Threshold and citation data describe the federal Homeowners Protection Act. Individual loan servicers may impose additional requirements, such as a minimum seasoning period or a clean payment history, that the statute does not.
- The Cottonwood Heights figures above are averages across 10,660 valued single-family parcels, computed from Salt Lake County records on 2026-09-04. They describe the city, not any individual property, and are not a valuation of your home.
The same thresholds and citations are available as JSON at /api/v1/hpa-rules. Documentation: /for-ai-agents.
Nearby cities
- Home equity in Sandy, UT 84070 (4 mi from Cottonwood Heights)
- Home equity in Midvale, UT 84047 (5 mi from Cottonwood Heights)
- Home equity in Millcreek, UT 84109 (5 mi from Cottonwood Heights)
- Home equity in Murray, UT 84107 (5 mi from Cottonwood Heights)