Mortgage Calculator MLcalc

Mortgage Calculator /With Taxes and PMI /Wyoming

Wyoming Mortgage Calculator

Set to Wyoming’s own property tax rate of 0.57% and its median home price, so the payment below reflects what owning here actually costs — not a national average.

$
% ($68,000)
years
%
$/year
$/year
$/month
%
$/month
Amortization schedule
$1,994
Monthly payment
$1,734
Principal & interest
$162
Taxes
$99
Insurance
$0
HOA fees

Loan balance over time

Balance Principal paid $272,000 Interest paid $352,082
20262056
Total of 360 payments$717,922
Principal$272,000
Interest$352,082
Taxes$58,140
Insurance$35,700
HOA fees$0
P&I 86.9% Taxes 8.1% Insurance 5.0%
15- vs 30-year term at 6.58%
15-year
$2,381/mo P&I
$156,650 total interest
30-year · current
$1,734/mo P&I
$352,082 total interest
The 15-year term saves $195,431 in interest. Which term is right for you?

What these numbers come from

Median home value
$339,500
Median tax bill
$1,947
Effective tax rate
0.57%
Rank of 51
38th highest

Wyoming taxes property at about 0.57% of value against 0.89% nationally. On a $340,000 home that is $91 a month less 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 Wyoming home prices

20% down, 30-year fixed at 6.58%, with Wyoming property tax of 0.57% and estimated insurance.

Home price Loan P&I Tax/mo Full payment
$204,000 $163,200 $1,040 $97 $1,197
$272,000 $217,600 $1,387 $129 $1,595
$340,000 median $272,000 $1,734 $161 $1,994
$424,000 $339,200 $2,162 $201 $2,487
$509,000 $407,200 $2,595 $242 $2,985

The gap between the P&I column and the last one is what a mortgage quote leaves out. In Wyoming taxes alone add $162 a month on a median-priced home.

Amortization schedule

Date Principal Interest Tax, Ins. & HOA Balance
Aug $242 $1,491 $261 $271,758
Sep $243 $1,490 $261 $271,514
Oct $245 $1,489 $261 $271,270
Nov $246 $1,487 $261 $271,024
Dec $247 $1,486 $261 $270,776
2026 $1,224 $7,444 $1,303 $270,776
Jan $249 $1,485 $261 $270,527
Feb $250 $1,483 $261 $270,277
Mar $252 $1,482 $261 $270,026
Apr $253 $1,481 $261 $269,773
May $254 $1,479 $261 $269,518
Jun $256 $1,478 $261 $269,263

Refinancing in Wyoming

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.

Wyoming home loans in detail

Wyoming Mortgage Overview

Wyoming isn't as highly populated as other states in the country, but housing is more affordable than in most neighboring mountain states. With a population of 580,000 and median home values around $440,000, it's a great place for first-time homebuyers to set up roots.

If you're thinking about buying a home in Wyoming, here are your loan options.

Wyoming conventional loans

You don't need 20 percent down for a conventional loan. First-time homebuyers need 3 percent and subsequent homebuyers 5 percent. You need a 660 credit score and low 36 percent debt ratio. If you put less than 20 percent down, you'll pay PMI until you owe less than 80 percent of the home's value.

Wyoming FHA loans

If you have decent credit, but not great, try an FHA loan. You need a 580 credit score for a 3.5 percent down payment and a 500 - 579 score with a 10 percent down payment. While you'll pay mortgage insurance for the life of the loan, it's a flexible loan that makes it easy for anyone to get approved.

Wyoming VA loans

Veterans of the military can secure 100 percent financing with a VA loan. You need just a 620 credit score and proof you have enough money to cover your debts and the cost of living. VA loans don't have mortgage insurance, but most veterans pay an upfront funding fee to get the loan.

Wyoming USDA loans

Borrowers who can't get approved with the above loans may be eligible for a USDA loan. It requires just a 640 credit score and proof you don't qualify for any other loan. Your income must fall within the USDA guidelines. If it does, you'll get 100 percent financing and low enough rates to afford your mortgage.

First-Time Homebuyer

Programs in Wyoming

First-Time Homebuyer

This 30-year fixed rate mortgage has low rates and you can use the Homestretch Down Payment Assistance program to meet the down payment requirement or cover the closing costs.

Spruce Up

This loan covers the cost to buy a home and fix it up. It's one loan with one closing but gives you more money than you need to just buy the home. It's great for minor renovations or repairs to make the home livable.

Down Payment Assistance

If you have a least a 620 credit score you may borrow up to $10,000 for down payment assistance. You must contribute $1,500 to the transaction too, but it can be gift money. The DPA has a 0% APR and no monthly payment. The loan is due when you sell the home or refinance.

Mortgage credit certificate

You can get a tax credit for the mortgage interest you pay per year if you're a first-time homebuyer. You may receive up to $2,000 credit per year and can still claim the rest of the interest on your deductions.

Wyoming mortgage FAQ

How much is property tax on a home in Wyoming?
Wyoming homeowners pay an effective property tax rate of about 0.57 percent of home value — the 38th highest of the 50 states and DC. On the state's median home value of $339,500 that works out to roughly $1,938 a year, or $162 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 Wyoming home?
At $340,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $1,734 a month. Adding Wyoming property tax of roughly $162 a month and an estimated $99 of homeowner insurance brings the full payment to around $1,994.
Which mortgage types are offered in Wyoming?
Wyoming buyers can use conventional loans requiring 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 giving veterans 100 percent financing with a 620 score, or USDA loans offering 100 percent financing with a 640 score for income-eligible borrowers.
What help does Wyoming give first-time homebuyers?
Wyoming's First-Time Homebuyer program is a low-rate 30-year fixed mortgage that pairs with Homestretch Down Payment Assistance, the Spruce Up loan finances the purchase and renovations in one closing, Down Payment Assistance offers a zero interest, no-monthly-payment loan for buyers with a 620 credit score, and a Mortgage Credit Certificate provides an annual tax credit on mortgage interest.
Can you get a zero-down mortgage in Wyoming?
Yes. VA loans provide 100 percent financing to veterans with a 620 credit score, and USDA loans offer 100 percent financing when your income falls within USDA guidelines and you have a 640 score. Other buyers can pair a low down payment loan with Wyoming's Down Payment Assistance, which requires a 620 score and a small contribution that can be gift money.

Property tax in every state

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