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Mortgage Calculator &
Closing Costs: Winona, MN

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Winona, Minnesota.

Median Home Price
$215K
Population
26K
Avg Monthly Rent
$920
Property Tax Rate
1.12%
Winona vs Minnesota Median
The median home price in Winona is $215,000, which is 36% below the Minnesota state median of $335,000.

Mortgage Calculator — Winona, MN

Pre-filled with Winona median home price and Minnesota tax/insurance rates. Adjust for your property.

$
$43,000
%
%
years
MN avg
%
$
Monthly Payment (PITI)
$1,463
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,087
per month
Taxes & Insurance
$376
per month
Total Interest Paid
$219K
over 30 years
Total Loan Cost
$391K
all payments
Payment Breakdown
Loan Amount$172,000
Principal & Interest$1,087
Property Taxes$201
Homeowners Insurance$175
Total Monthly PITI$1,463

Closing Costs — Winona, MN

Estimated closing costs based on Minnesota rates and fees applied to Winona prices.

$
%
Minnesota: Avg closing costs 1.4% of price. Transfer tax: 0.33%.
Estimated Closing Costs
$9,378
4.4% of purchase price
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Lender Fees
$1,973
origination, underwriting
Third-Party
$2,525
appraisal, title, inspection
Government Fees
$710
transfer taxes, recording
Prepaids + Escrow
$4,171
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,548
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,375
Recording Fee$150
Transfer Tax$710
Prepaid Taxes (3 mo)$602
Prepaid Insurance (12 mo)$2,100
Prepaid Interest (15 days)$517
Escrow Reserves$952
Total Closing Costs$9,378

Buying a Home in Winona, Minnesota

The median home price in Winona is $215,000, 36% below the Minnesota state median of $335,000. With a population of 26,232, Winona is a smaller market where home prices tend to be more accessible than in many parts of Minnesota.

Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $215,000 home in Winona would carry roughly $201/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.

Average rent in Winona is $920/month. The price-to-rent ratio in Winona is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Winona offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Minnesota's Minnesota Housing Start Up program.

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