Monthly Payment on a $300K Mortgage in Wyoming
Using Wyoming's 0.61% property tax rate and $1,800/yr homeowners insurance.
$300K 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% | $2,087 | $1,993 | $1,665 |
| 6.0% | $2,177 | $2,079 | $1,741 |
| 6.5% | $2,270 | $2,167 | $1,819 |
| 7.0% | $2,365 | $2,256 | $1,899 |
| 7.5% | $2,462 | $2,348 | $1,981 |
| 8.0% | $2,560 | $2,441 | $2,064 |
How This Compares to Wyoming's Median
A $300K home is 12% below Wyoming's median of $340K. You'll find homes at this price in cities like Laramie, Lander, Casper, Gillette, Powell, Rock Springs.
Income Needed for a $300K Home in Wyoming
To afford this payment of $2,167/mo in Wyoming, you'd need a household income of approximately $93K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $90K salary can afford →Closing Costs in Wyoming
Estimated closing costs in Wyoming: $3K (1.1% of purchase price). Wyoming has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $300K Mortgage in Wyoming
With 10% down ($30,000), your loan of $270,000 at 6.5% over 30 years produces a principal and interest payment of $1,707/mo. Adding Wyoming's 0.61% property tax ($153/mo) and $1,800/yr insurance ($150/mo) brings your total to $2,167/mo. Because you're putting less than 20% down, PMI adds $158/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $344,370 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $32,304 over the life of the loan.