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Mortgage Calculator /With Taxes and PMI /Wisconsin

Wisconsin Mortgage Calculator

Set to Wisconsin’s own property tax rate of 1.25% and its median home price, so the payment below reflects what owning here actually costs — not a national average.

$
% ($59,000)
years
%
$/year
$/year
$/month
%
$/month
Amortization schedule
$1,898
Monthly payment
$1,504
Principal & interest
$307
Taxes
$86
Insurance
$0
HOA fees

Loan balance over time

Balance Principal paid $236,000 Interest paid $305,483
20262056
Total of 360 payments$683,113
Principal$236,000
Interest$305,483
Taxes$110,640
Insurance$30,990
HOA fees$0
P&I 79.3% Taxes 16.2% Insurance 4.5%
15- vs 30-year term at 6.58%
15-year
$2,066/mo P&I
$135,917 total interest
30-year · current
$1,504/mo P&I
$305,483 total interest
The 15-year term saves $169,565 in interest. Which term is right for you?

What these numbers come from

Median home value
$294,700
Median tax bill
$3,680
Effective tax rate
1.25%
Rank of 51
11th highest

Wisconsin taxes property at about 1.25% of value against 0.89% nationally. On a $295,000 home that is $89 a month more than the same house would cost in taxes at the national rate. Rates are set by counties, cities and school districts, so your own bill will differ from the state median — put your actual figure in the property tax field and the payment updates.

Tax and home value figures: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Insurance is estimated at 0.35% of home value per year — there is no comparable public per-state dataset, so treat it as a placeholder and replace it with your own quote. The interest rate is the national Freddie Mac 30-year average of 6.58%; this site does not publish state-level rate quotes.

Monthly cost across Wisconsin home prices

20% down, 30-year fixed at 6.58%, with Wisconsin property tax of 1.25% and estimated insurance.

Home price Loan P&I Tax/mo Full payment
$177,000 $141,600 $902 $184 $1,138
$236,000 $188,800 $1,203 $246 $1,518
$295,000 median $236,000 $1,504 $307 $1,897
$368,000 $294,400 $1,876 $383 $2,367
$442,000 $353,600 $2,254 $460 $2,843

The gap between the P&I column and the last one is what a mortgage quote leaves out. In Wisconsin taxes alone add $307 a month on a median-priced home.

Amortization schedule

Date Principal Interest Tax, Ins. & HOA Balance
Aug $210 $1,294 $393 $235,790
Sep $211 $1,293 $393 $235,579
Oct $212 $1,292 $393 $235,366
Nov $214 $1,291 $393 $235,153
Dec $215 $1,289 $393 $234,938
2026 $1,062 $6,459 $1,967 $234,938
Jan $216 $1,288 $393 $234,722
Feb $217 $1,287 $393 $234,505
Mar $218 $1,286 $393 $234,287
Apr $219 $1,285 $393 $234,068
May $221 $1,283 $393 $233,847
Jun $222 $1,282 $393 $233,625

Refinancing in Wisconsin

The arithmetic is the same everywhere: refinancing pays off when the monthly saving clears the closing costs before you sell or refinance again. What differs by state is the cost of getting there — recording fees, transfer and mortgage taxes, and whether an existing tax assessment survives the new loan.

Work the break-even with the refinance calculator, or check this week’s national average rates.

Wisconsin home loans in detail

Wisconsin Mortgage Overview

Wisconsin has a population of 5.8 million people and an average home price of $340,000. It's an affordable area to live in and is a great place for first-time homebuyers to find their first home.

If you're thinking of living in WI, here are your top loan options.

Wisconsin conventional loans

When you think of a mortgage, you likely think of the conventional loan with a 20 percent down payment. Today, 20 percent isn't necessary. You can get a loan with 3 percent down for first-time buyers and 5 percent if you've owned a home before. You need a 660 credit score and a 36 percent debt to income ratio to qualify. Borrowers pay PMI for down payments lower than 20 percent down, but you can cancel it once you owe less than 80 percent of the home's value.

Wisconsin FHA loans

FHA loans are for borrowers with less than perfect credit. FHA loans require just a 3.5 percent down payment if you have a 580 credit score. You can also get a loan with a 500

  • 579 credit score but with a 10 percent down payment. Mortgage insurance lasts for the loan's entire term.

Wisconsin VA loans

VA loans are for those who served our country. VA loans provide 100 percent financing. but you only need a 620 credit score. VA loans have flexible underwriting guidelines making it easy for veterans to secure a home. VA loans don't charge mortgage insurance, but you will pay an upfront fee.

Wisconsin USDA loans

USDA loans are for low to moderate-income borrowers in a rural area. If you can't get any other loan, you may be eligible. USDA loans require a 640 credit score. Borrowers may also have a max 41 percent debt ratio. You must live within the USDA boundaries, but you may be surprised to see how many areas are rural.

First-Time Homebuyer

Programs in Wisconsin

WHEDA Advantage Conventional

With a 620 credit score or higher, and proof you'll live in the home, you may get a low interest 30-year fixed loan. You can use down payment assistance, there's no requirement to use your own funds.

WHEDA Advantage FHA

With a 640 credit score or higher, and a minimum 3.5 percent of your own funds, you may get the WHEDA Advantage FHA which is a low interest rate 30-year fixed loan. If you qualify for down payment assistance, it may satisfy your 3.5 percent funds requirement.

WHEDA Easy Close DPA

You may receive up to 6 percent of the sales price in down payment assistance when you take out a WHEDA first mortgage loan too. The loan is a 10-year fixed rate loan with the same interest rate as the first mortgage.

WHEDA Capital Access DPA

You may receive the greater of 3% of the sales price or $3,050. This 30-year fixed rate mortgage has 0% and has no required monthly payments.

Wisconsin mortgage FAQ

How much is property tax on a home in Wisconsin?
Wisconsin homeowners pay an effective property tax rate of about 1.25 percent of home value — the 11th highest of the 50 states and DC. On the state's median home value of $294,700 that works out to roughly $3,688 a year, or $307 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.
What is the monthly payment on a median-priced Wisconsin home?
At $295,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $1,504 a month. Adding Wisconsin property tax of roughly $307 a month and an estimated $86 of homeowner insurance brings the full payment to around $1,898.
What mortgage programs can buyers choose from in Wisconsin?
Wisconsin offers conventional loans with a 660 credit score, a 36 percent debt ratio, and 3 percent down for first-time buyers, FHA loans with a 580 score and 3.5 percent down, VA loans providing 100 percent financing with a 620 score, and USDA loans for low to moderate-income rural buyers with a 640 score and a maximum 41 percent debt ratio.
What does WHEDA offer Wisconsin first-time homebuyers?
WHEDA provides the Advantage Conventional loan, a low interest 30-year fixed loan for buyers with a 620 credit score, and the Advantage FHA loan requiring a 640 score with 3.5 percent of your own funds. WHEDA Easy Close DPA lends up to 6 percent of the sales price for the down payment, and Capital Access DPA offers assistance with no required monthly payments.
What is the minimum down payment on a house in Wisconsin?
First-time buyers can put down as little as 3 percent with a conventional loan or 3.5 percent with an FHA loan and a 580 credit score. VA and USDA loans require nothing down for eligible borrowers, and WHEDA down payment assistance can cover up to 6 percent of the sales price, so many Wisconsin buyers bring very little of their own money.

Property tax in every state

Effective rate on owner-occupied value, highest bills first in each column.