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Wayne County FHA Loan Calculator

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

Loan Details

Wayne County, UT Benchmarks

FHA averages
Typical Property Value$355,000
Average Down Payment13.9%
Average Interest Rate6.025%
Effective Tax Rate0.38%
Median Tax Paid$1,394/yr
Tax Growth (Historical)+6.1%
Based on 9 regional loans totaling $2,735,000 (HMDA database).
$
%

$49,345 down · $305,655 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$112 / month

$

Annual premium

$

Per month

%

$130 / month

Estimated Monthly Payment

$2,263/mo

  • Principal & Interest$1,871
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$130
Amortization · Remaining Balance

Financed Loan Amount

$311,004

Total Interest

$362,422

Total of Payments

$673,426

*Includes financed FHA Upfront MIP of $5,349

Local Market Insights

Wayne County FHA Mortgage Overview

Wayne County homebuyers leveraging an FHA loan benefit from the accessible 13.90% down payment, which allows entry with a sub-620 credit score. However, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of this equity stake. The 86.10% loan-to-value ratio confirms a standard owner-occupied risk profile. The low 0.38% property tax rate is favorable, but the recent 6.1% inflation-adjusted tax increase will slightly raise monthly affordability. For an FHA loan calculator with PMI and taxes in Wayne County, UT, or an FHA loan down payment calculator in Wayne County, Utah, these figures are critical inputs. The average property value of $355,000 at a 6.025% rate makes this a viable market for FHA financing.

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.