Finance · Wyoming

Wyoming Mortgage Calculator (2026)

Calculate your monthly payment with Wyoming-specific property tax (0.61%) and average insurance ($1,330/yr).

Wyoming defaults: property tax ≈ 0.61% of home value · homeowners insurance ≈ $1,330/year · median home value ≈ $373,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$2,673.71
PITI + PMI/MIP

Payment breakdown

Principal & interest
$2,233.42
Property tax
$189.58
Insurance
$110.83
PMI
Drops month 115
$139.88
Total monthly
$2,673.71

Loan summary

Loan amount
90.0% LTV
$335,700
Total interest paid
$468,331

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$275.17$1,958.25$139.88$335,425
2$276.78$1,956.64$139.88$335,148
3$278.39$1,955.03$139.88$334,870
4$280.01$1,953.41$139.88$334,590
5$281.65$1,951.77$139.88$334,308
6$283.29$1,950.13$139.88$334,025
7$284.94$1,948.48$139.88$333,740
8$286.61$1,946.82$139.88$333,453
9$288.28$1,945.14$139.88$333,165
10$289.96$1,943.46$139.88$332,875
11$291.65$1,941.77$139.88$332,583
12$293.35$1,940.07$139.88$332,290
24$314.56$1,918.86$139.88$328,633
36$337.30$1,896.12$139.88$324,712
48$361.68$1,871.74$139.88$320,508
60$387.83$1,845.59$139.88$316,000
72$415.86$1,817.56$139.88$311,166
84$445.93$1,787.50$139.88$305,982
96$478.16$1,755.26$139.88$300,423
108$512.73$1,720.69$139.88$294,463
120$549.79$1,683.63$288,072
132$589.54$1,643.88$281,219
144$632.15$1,601.27$273,871
156$677.85$1,555.57$265,991
168$726.86$1,506.57$257,541
180$779.40$1,454.02$248,481
192$835.74$1,397.68$238,766
204$896.16$1,337.26$228,349
216$960.94$1,272.48$217,178
228$1,030.41$1,203.01$205,200
240$1,104.90$1,128.52$192,356
252$1,184.77$1,048.65$178,584
264$1,270.42$963.00$163,816
276$1,362.26$871.17$147,980
288$1,460.73$772.69$131,000
300$1,566.33$667.09$112,792
312$1,679.56$553.86$93,268
324$1,800.97$432.45$72,333
336$1,931.17$302.25$49,884
348$2,070.77$162.65$25,812
360$2,220.47$12.95$0

What the payment actually costs

Expect roughly $2,440 a year in property tax on a $400,000 home here. Wyoming's effective rate of 0.61% ranks 42nd of 51, compared with about 1.10% nationally — $203 a month that never appears in a quoted mortgage payment.

Homeowners insurance runs about $1,330 a year in Wyoming, 33rd of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $314 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

Wyoming charges no income tax, and property tax is where that revenue is recovered. At 0.61% the rate ranks 42nd of 51. For a renter the no-income-tax advantage is close to pure gain; for an owner of a $400,000 home it is offset by roughly $2,440 a year. Run both sides before assuming the state is cheap.

Housing costs compound with the rate. Wyoming runs about 7% below national-average costs, so the same 0.61% 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 Wyoming?
Wyoming's effective property tax rate is approximately 0.61% of home value per year. On a $373,000 home, that's about $2,275 per year (or $190/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 Wyoming?
The average annual homeowners insurance premium in Wyoming is around $1,330 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 Wyoming 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 Wyoming?
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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