Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Utah>Iron County (Conventional)

Iron County Conventional Mortgage Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Iron County, Utah based on real HMDA transaction records.

Loan Details

Iron County, UT Benchmarks

Conventional averages
Typical Property Value$541,510
Average Down Payment27.7%
Average Interest Rate6.905%
Effective Tax Rate0.43%
Median Tax Paid$1,558/yr
Tax Growth (Historical)+4.7%
Based on 1,680 regional loans totaling $412,920,000 (HMDA database).
$
%

$149,998 down · $391,512 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$194 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$2,925/mo

  • Principal & Interest$2,581
  • Property Tax$194
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$391,512

Total Interest

$537,690

Total of Payments

$929,202

Local Market Insights

Iron County Conventional Mortgage Overview

In Iron County, the 27.66% weighted average down payment for a Conventional loan is a strong indicator of well-qualified buyers. This equity stake typically eliminates the need for Private Mortgage Insurance (PMI), a significant cost advantage over lower down payment options. With a median Loan-to-Value (LTV) of 72.34%, buyers are already well above the 20% equity threshold required to cancel PMI, reinforcing a lower-risk profile for these owner-occupied purchases.

The effective property tax rate of 0.43% is modest, but the recent 4.7% inflation-adjusted increase will add to monthly holding costs. When using a Conventional loan with taxes in Iron County, UT, or a conventional mortgage with PMI and taxes in Iron County, Utah, this tax shift must be factored into affordability assessments. For those exploring the Iron County average down payment for a conventional loan, this data confirms a market favoring financially stable, primary-residence homeowners.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.