M
MortgageMath
Free mortgage calculators for every state

Mortgage Calculator &
Closing Costs: Wichita, KS

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Wichita, Kansas.

Median Home Price
$195K
Population
398K
Avg Monthly Rent
$1,020
Property Tax Rate
1.41%
Wichita vs Kansas Median
The median home price in Wichita is $195,000, which is 13% below the Kansas state median of $225,000.

Mortgage Calculator — Wichita, KS

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

$
$39,000
%
%
years
KS avg
%
$
Monthly Payment (PITI)
$1,457
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$986
per month
Taxes & Insurance
$471
per month
Total Interest Paid
$199K
over 30 years
Total Loan Cost
$355K
all payments
Payment Breakdown
Loan Amount$156,000
Principal & Interest$986
Property Taxes$229
Homeowners Insurance$242
Total Monthly PITI$1,457

Closing Costs — Wichita, KS

Estimated closing costs based on Kansas rates and fees applied to Wichita prices.

$
%
Kansas: Avg closing costs 1.3% of price. Transfer tax: 0%.
Estimated Closing Costs
$9,481
4.9% of purchase price
Lender Fees
$1,829
origination, underwriting
Third-Party
$2,425
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$5,227
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,404
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,275
Recording Fee$150
Prepaid Taxes (3 mo)$687
Prepaid Insurance (12 mo)$2,900
Prepaid Interest (15 days)$469
Escrow Reserves$1,171
Total Closing Costs$9,481

Buying a Home in Wichita, Kansas

The median home price in Wichita is $195,000, 13% below the Kansas state median of $225,000. With a population of 397,532, Wichita is a mid-size city where home prices tend to be more accessible than in many parts of Kansas.

Property taxes in Kansas average 1.41% annually. This moderate property tax rate means a $195,000 home in Wichita would carry roughly $229/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.

Average rent in Wichita is $1,020/month. The price-to-rent ratio in Wichita is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Wichita offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kansas's KHRC First-Time Homebuyer program.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Wichita.
Rent vs Buy Calculator →
Explore all of Kansas: Kansas Mortgage Calculator & Closing Costs →

Related Guides

The First-Time Buyer Playbook
Free weekly guide: mortgage tips, market updates, and money-saving strategies. No spam.