Salt Lake County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Salt Lake County, UT Benchmarks

FHA averages

Typical Property Value$487,875

Average Down Payment8.3%

Average Interest Rate6.112%

Effective Tax Rate0.50%

Median Tax Paid$2,836/yr

Tax Growth (Historical)+0.9%

Based on 3,601 regional loans totaling $1,562,255,000 (HMDA database).

Home Price

Down Payment

$40,494 down · $447,381 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$203 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$190 / month

Estimated Monthly Payment

$3,304/mo

Principal & Interest$2,761
Property Tax$203
Home Insurance$150
FHA MIP$190

Amortization · Remaining Balance

Financed Loan Amount

$455,211

Total Interest

$538,927

Total of Payments

$994,138

*Includes financed FHA Upfront MIP of $7,829

Local Market Insights

Salt Lake County FHA Mortgage Overview

In Salt Lake County, the 8.29% weighted average down payment for FHA loans provides accessible entry into a $487,875 market, yet requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—a key factor when using an FHA loan calculator with PMI and taxes in Salt Lake County, UT. With a 91.71% median LTV and 100% owner-occupancy, this data reflects standard homebuyers, not investors. The 0.50% effective property tax rate, adjusted upward by 0.9% for inflation, directly impacts monthly affordability. For those exploring Salt Lake County FHA loan limits and tax implications, this combination of low down payment and persistent MIP makes it ideal for buyers with sub-620 credit scores seeking primary residences.

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.