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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, Minnesota 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, MN Benchmarks

Conventional averages
Typical Property Value$267,781
Average Down Payment20.8%
Average Interest Rate7.002%
Effective Tax Rate0.98%
$
%

$55,698 down · $212,083 financed

Estimated Monthly Payment

$1,780/mo

  • Principal & Interest$1,411
  • Property Tax$219
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$212,083

Total Interest

$295,874

Total of Payments

$507,957

Local Market Insights

Lyon County Conventional Mortgage Overview

In Lyon County, the average 20.79% down payment on a Conventional loan is a strong indicator of buyer creditworthiness, as this threshold typically eliminates the need for Private Mortgage Insurance (PMI). With a median Loan-to-Value (LTV) of 79.21%, these owner-occupied buyers already hold over 20% equity at closing. The effective property tax rate of 0.98%, adjusted upward by 2.0% for inflation, adds a predictable monthly cost to your Lyon County conventional mortgage with taxes. For those exploring a Conventional loan with PMI and taxes, note that building just 0.79% more equity would formally cancel any PMI. This data provides a clear baseline for a Lyon County average down payment analysis for conventional loan scenarios.

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.