Free fha loan calculator tailored for Utah (UT). Calculate instantly with state-specific rates and rules.
FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On Utah's median home of $470,000, that's a minimum down payment of $16,500.
FHA loan limits vary by county and are tied to conforming limits. In most Utah counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. Most Utah counties are at the standard conforming limit. Summit County (Park City) qualifies for higher limits.
FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With Utah's median home at $470,000, buyers who can put down $94,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.
Utah closing costs average $3,100. Utah has no transfer tax on residential properties, which significantly reduces closing costs. Title insurance is the primary variable cost component. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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