Mortgage Calculator – Wisconsin
Wisconsin offers a mix of affordable housing, stable property values, and moderate property tax rates across urban and rural regions.
This Wisconsin mortgage calculator helps you estimate realistic monthly payments by including loan terms, interest rates, property taxes, and insurance.
Mortgage Calculator – Wisconsin
Why Mortgage Costs in Wisconsin Vary by County
Wisconsin property taxes are higher in certain counties, especially around Madison and Milwaukee.
Rural areas generally offer lower home prices, making them more affordable for first-time buyers.
Insurance costs may increase in regions with severe winter weather.
Wisconsin Mortgage Examples
Example 1: A $280,000 home with 20% down at 6.7% over 30 years may result in a monthly payment around $1,550 including taxes and insurance.
Example 2: Homes in Madison typically cost more than those in smaller Wisconsin towns.
Example 3: Higher property taxes significantly impact monthly affordability.
15-Year vs 30-Year Mortgage in Wisconsin
| Factor | 15-Year Loan | 30-Year Loan |
|---|---|---|
| Monthly Payment | Higher | Lower |
| Total Interest | Much lower | Much higher |
| Best For | Faster payoff | Flexibility |
Frequently Asked Questions – Wisconsin Mortgage
Is Wisconsin affordable for homebuyers?
Yes. Home prices are close to national averages.
Does this Wisconsin mortgage calculator include property taxes?
Yes. You can include estimated property taxes and insurance.
Are property taxes high in Wisconsin?
They are higher than average in some counties.
Do Wisconsin buyers need PMI?
PMI may apply if the down payment is below 20%.
Are mortgage rates higher in Wisconsin?
Rates generally follow national trends.
Does this calculator include HOA fees?
No. HOA fees vary by property.
Is refinancing common in Wisconsin?
Yes. Homeowners refinance to reduce interest or change terms.
Do winter conditions affect insurance costs?
Yes. Severe winters can increase insurance premiums.
Related Mortgage Tools
Disclaimer
This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.