Finance · Wisconsin

Wisconsin Mortgage Calculator (2026)

Calculate your monthly payment with Wisconsin-specific property tax (1.85%) and average insurance ($1,090/yr).

Wisconsin defaults: property tax ≈ 1.85% of home value · homeowners insurance ≈ $1,090/year · median home value ≈ $342,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$2,794.13
PITI + PMI/MIP

Payment breakdown

Principal & interest
$2,047.80
Property tax
$527.25
Insurance
$90.83
PMI
Drops month 115
$128.25
Total monthly
$2,794.13

Loan summary

Loan amount
90.0% LTV
$307,800
Total interest paid
$429,408

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$252.30$1,795.50$128.25$307,548
2$253.77$1,794.03$128.25$307,294
3$255.25$1,792.55$128.25$307,039
4$256.74$1,791.06$128.25$306,782
5$258.24$1,789.56$128.25$306,524
6$259.75$1,788.05$128.25$306,264
7$261.26$1,786.54$128.25$306,003
8$262.79$1,785.02$128.25$305,740
9$264.32$1,783.48$128.25$305,476
10$265.86$1,781.94$128.25$305,210
11$267.41$1,780.39$128.25$304,942
12$268.97$1,778.83$128.25$304,673
24$288.41$1,759.39$128.25$301,321
36$309.26$1,738.54$128.25$297,726
48$331.62$1,716.18$128.25$293,871
60$355.59$1,692.21$128.25$289,737
72$381.30$1,666.50$128.25$285,305
84$408.86$1,638.94$128.25$280,552
96$438.42$1,609.38$128.25$275,455
108$470.11$1,577.69$128.25$269,990
120$504.10$1,543.70$264,131
132$540.54$1,507.26$257,847
144$579.62$1,468.18$251,109
156$621.52$1,426.28$243,884
168$666.45$1,381.35$236,137
180$714.62$1,333.18$227,830
192$766.28$1,281.52$218,922
204$821.68$1,226.12$209,371
216$881.08$1,166.72$199,129
228$944.77$1,103.03$188,146
240$1,013.07$1,034.73$176,370
252$1,086.30$961.50$163,742
264$1,164.83$882.97$150,201
276$1,249.04$798.76$135,682
288$1,339.33$708.47$120,113
300$1,436.15$611.65$103,418
312$1,539.97$507.83$85,517
324$1,651.30$396.51$66,321
336$1,770.67$277.13$45,738
348$1,898.67$149.13$23,667
360$2,035.92$11.88$0

What the payment actually costs

Wisconsin property tax averages 1.85% of value — 6th highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $7,400 a year, or $617 a month added to principal and interest.

Homeowners insurance runs about $1,090 a year in Wisconsin, 47th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $708 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

Wisconsin taxes both income and property, so neither side offsets the other. Property tax at 1.85% ranks 6th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.

Housing costs compound with the rate. Wisconsin runs about 7% below national-average costs, so the same 1.85% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Wisconsin?
Wisconsin's effective property tax rate is approximately 1.85% of home value per year. On a $342,000 home, that's about $6,327 per year (or $527/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Wisconsin?
The average annual homeowners insurance premium in Wisconsin is around $1,090 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Wisconsin mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Wisconsin?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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