Mortgage Calculator in Wisconsin

Calculate your monthly mortgage payment in Wisconsin using the 2026 median home price of $275K and current local rates. Adjust the inputs below to match your situation.

Wisconsin Housing Market at a Glance (2026)

$275K

Median Home Price

6.86%

Avg Mortgage Rate

1.85%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in Wisconsin: Costs to Know

Average closing costs2% of purchase price

On a $275K home, closing costs ≈$5,500

Median household income$67,000/yr

State income tax (top rate)7.65%

First-Time Buyer Programs in Wisconsin

Wisconsin offers state-sponsored programs that can reduce your down payment or closing costs:

✓WHEDA Advantage
✓WHEDA Easy Close Down Payment

How Mortgage Payments Work in Wisconsin

A standard mortgage payment in Wisconsin is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $275K home in Wisconsin with a 10% down payment at 6.86% over 30 years, your principal and interest payment comes to approximately $1,623/month— not including property taxes or homeowner's insurance.

Wisconsin's property tax rate of 1.85% adds roughly $424/month to your total housing cost on a $275K home. This rate is above the national average of ~1.1%, so factor it carefully into your budget.

Wisconsin vs. National Average

Metric	Wisconsin	National Avg
Median Home Price	$275,000	$420,000
Property Tax Rate	1.85%	1.07%
Avg Mortgage Rate	6.86%	6.85%
Cost of Living Index	97	100

Frequently Asked Questions — Mortgage Calculator in Wisconsin

What is the average mortgage payment in Wisconsin?+

Based on the median home price of $275K in Wisconsin with a 10% down payment and 6.86% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $1,623. Adding property taxes (~$424/mo) and homeowner's insurance, total PITI is typically $2,197–$2,297/month.

What is the property tax rate in Wisconsin?+

Wisconsin has an average effective property tax rate of 1.85%. On the median home price of $275K, that equals roughly $5,088 per year — or $424 added to your monthly mortgage payment. This is above the national average of ~1.1%, so budget carefully.

How much down payment do I need to buy a home in Wisconsin?+

The typical down payment in Wisconsin is 10% — about $27,500 on the median $275K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like WHEDA Advantage.

What are closing costs in Wisconsin?+

Average closing costs in Wisconsin are approximately 2% of the purchase price — about $5,500 on the median $275K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Wisconsin?+

To afford the $275K median home in Wisconsin under the 28% housing-cost rule, you need a gross monthly income of at least $7,846 — roughly $94K/year. The median household income in Wisconsin is $67,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.