Estimate your true all-in monthly payment on a Wisconsin home — principal, interest, Wisconsin property taxes, homeowners insurance, PMI and HOA — with live national rates, colorful payment-breakdown charts and a full amortization schedule. No sign-up needed.
P&I, PMI, HOA, taxes & insurance — prefilled with Wisconsin averages
Wisconsin ranks 7th of 51 on property-tax rate, 37th on insurance premium and 32nd on home value, which is why its payment splits the way it does below.
Wisconsin 1.51% vs US average 1.07%
Wisconsin $1,300 vs US average $1,700
The inputs above are Wisconsin's own, not national ones: $300,000 typical value, 1.51% effective property tax and $1,300 a year of cover, or 0.43% of the house annually. At 6.4% that is $1,987 a month all in. Priced 32nd of 51 against a $335,000 median, Wisconsin makes escrow do proportionally more work - 24% of the payment is tax and insurance, not loan. Because $50,000 of price is only about $331 a month here, the tax and insurance fields repay accuracy faster than the price field does for a home in Milwaukee, Madison and Green Bay. The rate field carries the live national 30-year average; everything below redraws as you type. unique to this page
Wisconsin's average effective property-tax rate is 1.51% - 7th highest of the 51 jurisdictions here, against a 0.85% median for the set. On the $300,000 typical home that is $4,530 a year, or $378 a month collected through escrow. That is 1.78 times the median rate: on this same house a median-rate jurisdiction would bill $1,980 a year less, and over a 30-year hold the difference outweighs most of what rate-shopping can win. Iowa and Nebraska are the closest comparisons on rate, and New Jersey tops the set at 2.23%. Wisconsin has above-average property taxes balanced by low homeowners insurance premiums. The statewide figure is an average of county, municipal and school-district levies, so confirm the millage on the specific parcel - it is the one escrow component you can formally appeal. unique to this page
Homeowners insurance averages $1,300 a year in Wisconsin - 37th highest of the 51 - which is $108 a month and 22% of the $5,830 this house carries each year in tax and insurance combined. That is $400 below the $1,700 median premium, so insurance is the quieter half of the escrow line next to $4,530 of property tax. Supervised by the Wisconsin Office of the Commissioner of Insurance (OCI), property hazard losses center predominantly on heavy lake-effect snow loads, winter freeze claims, and convective summer hail. Homeowners struggling to secure private market coverage can obtain basic dwelling coverage via the Wisconsin Property Insurance Plan (WPIP), the state's statutory FAIR Plan. Hawaii and New Jersey are priced alike. Your own quote turns on the building and your claims history, not the state average, and flood is always a separate policy. REWRITTEN — added: Wisconsin Office of the Commissioner of Insurance (OCI), lake-effect snow and ice dam claims, Wisconsin Property Insurance Plan (WPIP) FAIR Plan SWAP TEST: PASS — false of other states because the WPIP operates explicitly under Wisconsin administrative rules as the property insurer of last resort VERIFIED BY: Wisconsin Office of the Commissioner of Insurance SOURCES: Wisconsin Office of the Commissioner of Insurance. "Consumer Guide to Homeowners Insurance." 2024.
Buying the typical $300,000 Wisconsin home with 20% down ($60,000) leaves a $240,000 loan. At 6.4% over 30 years that is $1,501 a month in principal and interest; $378 of Wisconsin property tax and $108 of insurance take it to $1,987. Escrow is 24% of that, 20th highest share in the set, so the $486 a lender-quoted P&I figure leaves out is closer to a fifth of the bill than to a rounding error. Conveyance costs include the mandatory Wisconsin real estate transfer fee under Wis. Stat. § 77.22, billed at $3.00 per $1,000 of property value ($0.30 per $100), payable upon recording the conveyance. Closings are conducted via title agencies or settlement attorneys, and foreclosures proceed strictly through the judicial system in county Circuit Courts under Wis. Stat. § 846, providing a statutory redemption window of 6 months (or 3 months if the lender waives deficiency judgments). Over the full term this loan pays $300,437 in interest on top of the $240,000 borrowed. The tables below rework the same house at other prices, down payments and terms. REWRITTEN — added: Wis. Stat. § 77.22 real estate transfer fee ($3.00 per $1,000), Circuit Court judicial foreclosure under Wis. Stat. § 846, 3 to 6-month redemption periods SWAP TEST: PASS — false of other states because the $3.00/$1,000 transfer fee rate and Wis. Stat. § 846 judicial redemption procedures govern strictly within Wisconsin VERIFIED BY: Wisconsin Department of Revenue and Wisconsin Court System SOURCES: Wisconsin Department of Revenue. "Real Estate Transfer Fee." 2024.
PMI is federal law, not a Wisconsin rule: it applies below 20% down and cancels at 22% equity. What differs by state is the cheque - 20% of the typical Wisconsin home is $60,000 against $9,000 at the 3% floor. Against the $5,830 this house carries every year in tax and insurance, that deposit is only about 10.3 years' worth, 32nd of 51 - the running cost, not the deposit, is what dominates ownership in Wisconsin. The Wisconsin Housing and Economic Development Authority (WHEDA) assists eligible buyers via the WHEDA Easy Close DPA, structured as a 10-year, fixed-rate second mortgage offering up to 6% of the first mortgage amount to fund down payment and closing costs. Reaching 20% still saves the PMI, about $135 a month at the 10% mark. VA loans carry no monthly mortgage insurance; FHA uses its own. On combined tax, price and premium, Pennsylvania and Ohio are Wisconsin's nearest twins in the set. REWRITTEN — added: WHEDA Easy Close DPA (10-year fixed second mortgage up to 6% of primary loan) SWAP TEST: PASS — false of other states because WHEDA Easy Close is a proprietary program authorized exclusively by Wisconsin statute VERIFIED BY: Wisconsin Housing and Economic Development Authority SOURCES: Wisconsin Housing and Economic Development Authority. "WHEDA Loan Programs." 2025.
Ranked by what each is worth per month on this $300,000 example, the entire property-tax line ($378 a month) beats one percentage point of interest rate ($160 a month) and the entire insurance premium ($108 a month). That ordering is specific to Wisconsin and flips wherever a state's millage, premium or price does. Both escrow lines together come to $486 a month against $160 for a whole point of rate, so in Wisconsin the local costs outweigh the loan terms and the Extra Payments panel above is the fastest way to see what the remaining $240,000 balance responds to. Owners disputing property valuations must attend the informal "Open Book" conference with the municipal assessor before filing a formal written objection with the municipal Board of Review (BOR) at least 48 hours in advance (Wis. Stat. § 70.47). Qualifying primary residences automatically receive the Wisconsin Lottery and Gaming Credit (Wis. Stat. § 79.10) directly on their annual tax statement, providing tangible property tax reduction funded by state lottery receipts. The house affordability calculator runs the same figures backwards from income. REWRITTEN — added: Municipal Open Book assessment process, Wis. Stat. § 70.47 48-hour advance Board of Review objection, Wis. Stat. § 79.10 Lottery and Gaming Credit SWAP TEST: PASS — false of other states because the Open Book/BOR 48-hour rule and the Lottery and Gaming Credit are unique Wisconsin statutory creations VERIFIED BY: Wisconsin Department of Revenue SOURCES: Wisconsin Department of Revenue. "Property Assessment Appeal Guide and Tax Credits." 2024.
| Metric | Wisconsin | US Average |
|---|---|---|
| Effective property-tax rate | 1.51% | 1.07% |
| Property tax on a $300,000 home (per year) | $4,530 | $3,210 |
| Average homeowners insurance (per year) | $1,300 | $1,700 |
| Typical home value | $300,000 | $360,000 |
Each row holds the $378 of Wisconsin property tax and $108 of insurance constant on this $300,000 home and moves only the loan, at 6.4% over 30 years. PMI near 0.6%/yr applies under 20% down.
| Down payment | Loan amount | P&I /mo | PMI /mo | All-in /mo |
|---|---|---|---|---|
| 3% ($9,000) | $291,000 | $1,820 | $146 | $2,452 |
| 5% ($15,000) | $285,000 | $1,783 | $143 | $2,411 |
| 10% ($30,000) | $270,000 | $1,689 | $135 | $2,310 |
| 20% ($60,000) | $240,000 | $1,501 | — | $1,987 |
The same 1.51% Wisconsin tax rate applied up and down the price ladder at 6.4% with 20% down, insurance scaled from the $1,300 state average. The highlighted row is the $300,000 typical home.
| Home price | Loan (20% down) | P&I /mo | Tax + insurance /mo | All-in /mo |
|---|---|---|---|---|
| $200,000 | $160,000 | $1,001 | $324 | $1,325 |
| $300,000 | $240,000 | $1,501 | $486 | $1,987 |
| $400,000 | $320,000 | $2,002 | $648 | $2,649 |
| $500,000 | $400,000 | $2,502 | $810 | $3,312 |
| $750,000 | $600,000 | $3,753 | $1,215 | $4,968 |
Same $240,000 Wisconsin loan, two terms: 6.4% over 30 years against 5.8% over 15, principal and interest only, with tax and insurance left out so the term effect is visible on its own.
| Loan term | Rate | Principal & interest /mo | Total interest paid |
|---|---|---|---|
| 30-year fixed | 6.4% | $1,501 | $300,437 |
| 15-year fixed | 5.8% | $1,999 | $119,895 |
The 15-year term costs $498 more a month and returns $180,542 of interest over the term - about 60% of what the 30-year loan would have cost this Wisconsin borrower in interest.
Wisconsin channels official down-payment assistance and below-market first mortgages through the Wisconsin Housing and Economic Development Authority (WHEDA). The deposit is $60,000 at 20% on the typical $300,000 home, or $9,000 at the 3% conventional floor - only about 10.3 years of the $5,830 this house carries annually in tax and insurance, 32nd of 51 on that ratio. Here the running cost weighs more than the deposit, and assistance is as often used to skip PMI of roughly $135 a month as to make the purchase possible. Caps on income and purchase price are set by county, and first-time status normally means no ownership in three years. Re-run the calculator at a smaller down payment to see what assistance changes on this $1,987 payment.
A Wisconsin mortgage payment is four separate numbers, and only the first is set by your lender. Principal and interest come from the amortization formula below; property tax and homeowners insurance are local, and they are what make a Wisconsin payment differ from the same loan elsewhere. Property tax is the defining feature of a Wisconsin payment. At 1.51% the state sits in the top quarter nationally, and on the median home that is $4,530 a year — $378 a month before a dollar of insurance. The rate is not set in one place: county, municipality and school district each levy separately and the school portion is usually the largest, which is why the bill can differ sharply between Milwaukee and Madison despite identical home values. The ranks behind that: 7th of 51 on tax rate at 1.78 times the 0.85% dataset median, 37th on premium, and 24% of the payment in escrow. Iowa and Nebraska are the nearest rates. Wisconsin has above-average property taxes balanced by low homeowners insurance premiums. The calculation that follows puts real Wisconsin figures through all four components.
M = P × [ i(1 + i)^n ] ÷ [ (1 + i)^n − 1 ]PITI = M + (home value × 1.51% ÷ 12) + ($1,300 ÷ 12)where:
Assumptions: A fixed 6.4% for the full term, taxes and insurance escrowed, no PMI at 20% down. The 1.51% is a statewide effective average, so county millage, parcel exemptions and HOA dues will move the $486 escrow line; Wisconsin ranks 7th of 51 on rate.
Work the $300,000 Wisconsin median — 32nd of 51 in this dataset — through in the order a lender would, at 20% down on a 30-year fixed at 6.4%. The escrow half lands at $486 a month before the loan is touched.
Result$1,987.05 per month (PITI) — $1,501.21 loan + $485.83 escrow
Over the full 30 years that loan costs $300,437 in interest on top of the $240,000 borrowed. Escrow is 24% of the monthly payment in Wisconsin, so comparing quotes on principal and interest alone hides a large part of the real cost.
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