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Fillmore County Conventional Mortgage Calculator

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

Loan Details

Fillmore County, MN Benchmarks

Conventional averages
Typical Property Value$332,466
Average Down Payment22.0%
Average Interest Rate6.829%
Effective Tax Rate0.81%
Median Tax Paid$2,076/yr
Tax Growth (Historical)+4.2%
Based on 367 regional loans totaling $61,805,000 (HMDA database).
$
%

$73,143 down · $259,323 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$224 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$2,070/mo

  • Principal & Interest$1,696
  • Property Tax$224
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$259,323

Total Interest

$351,157

Total of Payments

$610,481

Local Market Insights

Fillmore County Conventional Mortgage Overview

Fillmore County conventional buyers are showing strong financial footing with a 22.02% average down payment and a 77.98% loan-to-value ratio. This equity stake typically eliminates the need for private mortgage insurance (PMI) from the start, as it exceeds the 20% threshold. For those using a conventional loan with taxes in Fillmore County, MN, the effective property tax rate of 0.81% adds modest monthly cost, though the recent 4.2% inflation-adjusted tax increase warrants attention in budget planning. This data reflects 100% owner-occupied purchases, indicating a stable, risk-averse market of primary residents.

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.