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Wisconsin mortgage calculator

The median home in Wisconsin runs about $290,000. With 20% down that's a loan near $232,000 — the calculator is pre-filled with that figure. Wisconsin's low state sales-tax rate contrasts with an above-average effective property tax rate that funds most local services. A state school-levy credit and lottery credit trim the bill for resident owners.

$1,506.29 / month

Total interest
$310,264
Total paid
$542,264
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$58k$116k$174k$232k0612182430Year

How it works

A full Wisconsin payment is more than principal and interest. At the state's 1.61% effective property tax rate, a $290,000 home owes about $4,669 a year in tax, and homeowners insurance averages roughly $1,300 a year here. Together those add about $497 to the monthly payment before any HOA dues or PMI.

Wisconsin's median household income is about $75,000, or $6,250 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,750 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Wisconsin sell in about 30 days on average.

Frequently asked questions

What is a typical mortgage payment in Wisconsin?
On the state's roughly $290,000 median home with 20% down, the loan is about $232,000. Principal and interest depend on your rate; on top of that, Wisconsin's 1.61% effective property tax rate and about $1,300 a year in homeowners insurance add roughly $497 per month to the payment.
How much are property taxes on a home in Wisconsin?
Wisconsin's effective property tax rate averages about 1.61% of market value — roughly $4,669 a year on the $290,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Wisconsin?
The average Wisconsin homeowners policy runs about $1,300 a year. Wisconsin's low state sales-tax rate contrasts with an above-average effective property tax rate that funds most local services. A state school-levy credit and lottery credit trim the bill for resident owners.
Can I afford a home in Wisconsin on the median income?
Wisconsin's median household income is about $75,000 a year, or $6,250 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,750 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Wisconsin?
A for-sale home in Wisconsin spends about 30 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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