Monthly Payment on a $150K Mortgage in Wyoming
Using Wyoming's 0.61% property tax rate and $1,800/yr homeowners insurance.
$150K Mortgage in Wyoming: Rate Comparison
Monthly PITI payment using Wyoming's 0.61% property tax and $1,800/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $1,118 | $1,072 | $908 |
| 6.0% | $1,164 | $1,114 | $946 |
| 6.5% | $1,210 | $1,158 | $985 |
| 7.0% | $1,257 | $1,203 | $1,025 |
| 7.5% | $1,306 | $1,249 | $1,065 |
| 8.0% | $1,355 | $1,296 | $1,107 |
How This Compares to Wyoming's Median
A $150K home is 56% below Wyoming's median of $340K. This is well within reach in many Wyoming communities.
Income Needed for a $150K Home in Wyoming
To afford this payment of $1,158/mo in Wyoming, you'd need a household income of approximately $50K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $50K salary can afford →Closing Costs in Wyoming
Estimated closing costs in Wyoming: $2K (1.1% of purchase price). Wyoming has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $150K Mortgage in Wyoming
With 10% down ($15,000), your loan of $135,000 at 6.5% over 30 years produces a principal and interest payment of $853/mo. Adding Wyoming's 0.61% property tax ($76/mo) and $1,800/yr insurance ($150/mo) brings your total to $1,158/mo. Because you're putting less than 20% down, PMI adds $79/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $172,185 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $16,152 over the life of the loan.