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Davis County FHA Loan Calculator

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

Loan Details

Davis County, UT Benchmarks

FHA averages
Typical Property Value$500,608
Average Down Payment8.0%
Average Interest Rate6.095%
Effective Tax Rate0.51%
Median Tax Paid$2,665/yr
Tax Growth (Historical)+1.5%
Based on 1,168 regional loans totaling $527,670,000 (HMDA database).
$
%

$40,049 down · $460,559 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$213 / month

$

Annual premium

$

Per month

%

$195 / month

Estimated Monthly Payment

$3,395/mo

  • Principal & Interest$2,837
  • Property Tax$213
  • Home Insurance$150
  • FHA MIP$195
Amortization · Remaining Balance

Financed Loan Amount

$468,619

Total Interest

$552,622

Total of Payments

$1,021,241

*Includes financed FHA Upfront MIP of $8,060

Local Market Insights

Davis County FHA Mortgage Overview

In Davis County, the 8.04% average down payment on an FHA loan provides accessible entry for owner-occupants, but the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan due to the high 91.96% loan-to-value ratio. This data, drawn from a standard homebuyer dataset (100% primary occupancy), indicates a market serving buyers with potentially sub-620 credit scores. The effective property tax rate of 0.51%, coupled with a 1.5% inflation-adjusted tax increase, adds modest monthly cost. For precise monthly obligations including PMI and taxes on a $500,608 property, use a Davis County FHA loan down payment tool to assess true affordability.

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.