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Lyon County Conventional Mortgage Calculator

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

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

Representative Score: 780 (Excellent (Prime))

Lyon County, IA Benchmarks

Conventional averages
Typical Property Value$361,230
Average Down Payment24.4%
Average Interest Rate7.078%
Effective Tax Rate0.86%
$
%

$88,140 down · $273,090 financed

Estimated Monthly Payment

$2,240/mo

  • Principal & Interest$1,832
  • Property Tax$259
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$273,090

Total Interest

$386,275

Total of Payments

$659,365

Local Market Insights

Lyon County Conventional Mortgage Overview

In Lyon County, the 24.40% weighted average down payment on a Conventional loan significantly exceeds the 20% threshold, allowing buyers to avoid Private Mortgage Insurance (PMI) immediately. With a 75.60% median loan-to-value (LTV) ratio, these owner-occupied purchases reflect strong local credit profiles. The 0.86% effective property tax rate, coupled with a -2.4% inflation-adjusted decrease, provides a slight monthly affordability buffer. For those evaluating a conventional mortgage with taxes in Lyon County, IA, this equity position ensures no PMI costs, while the tax shift supports stable long-term housing expense projections.

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.