Wisconsin Mortgage Calculator
Work out what a home in Wisconsin really costs per month. The calculator below starts from the state's typical home price of $280,000 and its 1.61% effective property-tax rate — higher than the 1.1% national average — which works out to about $4,508 a year in property tax on a median home. Average local homeowners insurance ($1,812/year) is included too, so the estimate is a realistic all-in figure of around $1,943/month on a standard 30-year purchase rather than a bare principal-and-interest number. Swap in your own price, rate and down payment to refine it, and see below for how Wisconsin compares with the rest of the country.
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Property taxes in Wisconsin
Wisconsin's effective property-tax rate is about 1.61% of a home's value each year — higher than the U.S. average of 1.1%. On the state's median home price of $280,000, that works out to roughly $4,508/year ($376/month) added to your payment.
Good to know: Wisconsin bills property taxes each December, with a lottery-and-gaming credit trimming the bill on primary residences; rates run above the national average.
For the full formula and a worked example, see the main Mortgage Calculator.
Homeowners insurance in Wisconsin
Lenders require homeowners insurance, and in Wisconsin it averages about $1,812/year ($151/month) for a policy with $300,000 in dwelling coverage — 29% below the U.S. average of $2,543. Premiums are comparatively affordable here, though rates still vary with the home's age, construction and distance from a fire station. The calculator above already includes this figure in the monthly estimate — replace it with a real quote when you have one.
Buying a home in Wisconsin
Start from the sticker price: Wisconsin's median home runs $280,000, about 33% more affordable than the national median of $420,000. Financed with 20% down over 30 years at roughly 6.5%, principal and interest alone is near $1,416/month; layering on property tax ($376/month at the state's 1.61% rate) and average insurance ($151/month) lifts the realistic monthly cost to about $1,943. HOA dues and PMI (below 20% down) would come on top. Since the property-tax rate sits above the U.S. average, that line item matters more in Wisconsin than in most states — try your own numbers in the calculator to see the effect.