Wasatch County FHA Loan Calculator

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

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Wasatch County, UT Benchmarks

FHA averages

Typical Property Value$704,579

Average Down Payment11.5%

Average Interest Rate6.110%

Effective Tax Rate0.49%

Home Price

Down Payment

$81,027 down · $623,552 financed

Estimated Monthly Payment

$4,551/mo

Principal & Interest$3,849
Property Tax$288
Home Insurance$150
FHA MIP$264

Amortization · Remaining Balance

Financed Loan Amount

$634,465

Total Interest

$751,147

Total of Payments

$1,385,612

*Includes financed FHA Upfront MIP of $10,912

Local Market Insights

Wasatch County FHA Mortgage Overview

Wasatch County’s FHA market shows an average 11.46% down payment on properties valued at $704,579. With an 88.54% loan-to-value ratio, this accessible entry point for owner-occupants triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s entire term—ideal for buyers with sub-620 credit. The 0.49% effective tax rate, adjusted upward by 8.8% for inflation, adds roughly $3,452 annually to true monthly costs. When evaluating an FHA loan with PMI and taxes in Wasatch County, UT, note that this 6.11% rate and tax shift significantly impact long-term affordability for 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.