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Union County Conventional Mortgage Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Union County, Mississippi 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))

Union County, MS Benchmarks

Conventional averages
Typical Property Value$259,401
Average Down Payment24.4%
Average Interest Rate7.216%
Effective Tax Rate0.42%
$
%

$63,294 down · $196,107 financed

Estimated Monthly Payment

$1,575/mo

  • Principal & Interest$1,334
  • Property Tax$91
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$196,107

Total Interest

$284,064

Total of Payments

$480,171

Local Market Insights

Union County Conventional Mortgage Overview

In Union County, the average 24.43% down payment on a Conventional loan significantly reduces risk, as it exceeds the 20% threshold needed to avoid Private Mortgage Insurance (PMI). With a median Loan-to-Value (LTV) of 75.57%, buyers already possess substantial equity, ensuring strong credit profiles and immediate cost savings. The effective property tax rate of 0.42% is low, and the recent -2.9% inflation-adjusted tax change further lowers monthly affordability. For those using a Conventional mortgage with taxes in Union County, MS, this equity position is favorable. This data reflects 100% primary residence purchases, not investments, making the Union County average down payment for a Conventional loan a clear indicator of a stable, owner-occupied 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.