Wisconsin Mortgage Calculator

Calculate your monthly mortgage payment in Wisconsin. Pre-filled with Wisconsin's average property tax rate of 1.61%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$470
Homeowner's Insurance
$100
Total Monthly Payment
$2,339

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,339/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Wisconsin Housing Overview

Wisconsin has an average property tax rate of 1.61%. Wisconsin's cost of living is about 5% below the national average.

Property Tax: 1.61%Progressive rates up to 7.65%No tax on Social SecurityGrowing tech in Madison/Milwaukee

Buying a Home in Wisconsin

If you're considering buying a home in Wisconsin, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Wisconsin's average property tax rate of 1.61% to give you a more accurate estimate.

Wisconsin Property Taxes

Wisconsin has an average effective property tax rate of 1.61%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 1.61% rate means approximately $5635 per year, or $470 per month in property taxes alone.

Cost of Living in Wisconsin

Wisconsin's cost of living is about 5% below the national average. When evaluating whether to buy a home in Wisconsin, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Wisconsin Homebuyers

  • Wisconsin's top rate of 7.65% is above average — maximize deductions to lower your effective rate
  • Wisconsin does not tax Social Security benefits
  • Madison and Milwaukee offer growing tech and healthcare job markets
  • Wisconsin's cost of living is below the national average despite moderate taxes

Key Wisconsin Features

  • Progressive rates up to 7.65%
  • No tax on Social Security
  • Growing tech in Madison/Milwaukee
  • Below-average cost of living

See How Your Wisconsin Mortgage Fits Your Financial Plan

This calculator shows your Wisconsin mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Wisconsin Mortgage Costs with Other States

Minnesota1.07% property taxIowa1.53% property taxIllinois1.97% property taxCalifornia0.71% property taxTexas1.80% property taxFlorida0.89% property tax

Frequently Asked Questions

What is the average property tax rate in Wisconsin?
The average effective property tax rate in Wisconsin is approximately 1.61%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Wisconsin's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Wisconsin?
Your mortgage payment in Wisconsin depends on the home price, your down payment, interest rate, and loan term. With Wisconsin's average property tax rate of 1.61%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Wisconsin an affordable state to buy a home?
Wisconsin's cost of living is about 5% below the national average. When evaluating affordability in Wisconsin, consider not just the home price but also property taxes (1.61% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Wisconsin property taxes compare to other states?
Wisconsin's average property tax rate of 1.61% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Wisconsin?
Most states, including Wisconsin, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Wisconsin's housing authority and the FHA, VA, and USDA loan programs for additional options.

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