Wisconsin Mortgage Calculator
Estimate your monthly mortgage payment in Wisconsin based on the state median home price of $280K, a 1.76% property tax rate, and $1K/year homeowners insurance.
Why This Matters in Wisconsin
In Wisconsin, property taxes average 1.76% of assessed value. On the state median home of $280K, that adds $411/month to your mortgage payment — well above the national average and a significant budget factor. Combined with $108/month for homeowners insurance, your non-mortgage housing costs in Wisconsin total $519/month before you even account for principal and interest.
Wisconsin's median home price of $280K is in the moderate range nationally. Most conventional loan programs with 5-10% down are well-suited for this price range.
What to Expect for a Mortgage Payment in Wisconsin
On the median Wisconsin home priced at $280K, a buyer putting 10% down at a 6.5% rate would face a principal-and-interest payment of roughly $1,593 per month. Add $411/mo in property taxes and $108/mo for homeowners insurance, and the total PITI comes to approximately $2,112 each month. That median price sits about 20% below the national median of roughly $350K, which directly shapes how much house most Wisconsin borrowers can realistically target.
At $280K, Wisconsin's median home price falls in a moderate range nationally. Buyers have the full spectrum of financing options available: conventional loans at 5–20% down, FHA loans at 3.5%, and VA loans at 0% for eligible veterans. Putting 20% down ($56K) eliminates PMI and drops the monthly payment to roughly $1,935, saving about $177 per month compared to the 10%-down scenario.
One important factor in Wisconsin: the 1.76% property tax rate adds $4,928 per year ($411/mo) to your housing cost. That is a significant share of the total payment and something many first-time buyers underestimate. When comparing Wisconsin to lower-tax states, remember that the sticker price only tells half the story — ongoing tax costs can add hundreds to the monthly obligation.
Homeowners insurance in Wisconsin averages around $1K per year, which adds $108 to the monthly PITI. This is manageable relative to many other states. To bring the total payment down further, consider the WHEDA First-Time Advantage program, which offers up to $3,050 easy close grant for qualifying buyers — reducing the down payment barrier and potentially lowering your loan amount.