Tooele County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tooele County, UT Benchmarks

FHA averages

Typical Property Value$453,944

Average Down Payment6.0%

Average Interest Rate6.054%

Effective Tax Rate0.54%

Median Tax Paid$2,460/yr

Tax Growth (Historical)+3.6%

Based on 890 regional loans totaling $373,880,000 (HMDA database).

Home Price

Down Payment

$27,237 down · $426,707 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

$204 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$181 / month

Estimated Monthly Payment

$3,152/mo

Principal & Interest$2,617
Property Tax$204
Home Insurance$150
FHA MIP$181

Amortization · Remaining Balance

Financed Loan Amount

$434,175

Total Interest

$507,971

Total of Payments

$942,145

*Includes financed FHA Upfront MIP of $7,467

Local Market Insights

Tooele County FHA Mortgage Overview

Tooele County's FHA market reveals an accessible entry point, with a 6.02% down payment on a $453,944 average property. This low barrier is offset by mandatory Mortgage Insurance Premiums (MIP) for the loan's life, a key factor in any FHA loan analysis with PMI and taxes in Tooele County, UT. The 93.98% loan-to-value ratio confirms minimal equity, while the 0.54% property tax rate and 3.6% inflation-adjusted increase add $24 monthly to affordability. For buyers using an FHA mortgage tool with property taxes, this data underscores that MIP is permanent, making it ideal for lower-credit owner-occupants.

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.