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Scott County Conventional Mortgage Calculator

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

Loan Details

Scott County, IL Benchmarks

Conventional averages
Typical Property Value$148,333
Average Down Payment21.5%
Average Interest Rate6.702%
Effective Tax Rate1.35%
Median Tax Paid$1,446/yr
Tax Growth (Historical)-0.2%
Based on 46 regional loans totaling $3,910,000 (HMDA database).
$
%

$31,892 down · $116,441 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$167 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,068/mo

  • Principal & Interest$751
  • Property Tax$167
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$116,441

Total Interest

$154,052

Total of Payments

$270,493

Local Market Insights

Scott County Conventional Mortgage Overview

In Scott County, the 21.48% average down payment on a Conventional loan exceeds the 20% threshold, allowing most buyers to avoid Private Mortgage Insurance (PMI) entirely. With a median 78.52% Loan-to-Value (LTV) ratio, homeowners start with over 20% equity, strengthening their financial position. For a $148,333 property, the effective 1.35% tax rate adds roughly $167 monthly to housing costs, though the recent -0.2% inflation-adjusted tax change offers slight relief. This data, reflecting 100% primary residences, indicates strong buyer credit profiles and financial stability in the local market.

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.