US mortgage calculator (all states)
Wisconsin offers Midwest affordability with a median home price near $295,000 in 2026 — well below coastal markets. Tradeoff: property taxes are comparatively high, with an effective rate around 1.61% (~$4,750/year on a typical home). Milwaukee and Madison anchor employment; lakefront and college towns can carry premiums. WHEDA supports first-time buyers with state-backed loans and assistance.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
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State: Wisconsin (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — school mill rates vary by district. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,035
| Location | Median price | Notes |
|---|---|---|
| Wisconsin (state) | ~$295,000 | Illustrative median |
| Milwaukee metro | ~$280,000–$350,000 | Suburbs vs city |
| Madison | ~$380,000+ | University / state jobs |
| Green Bay / Fox Valley | ~$250,000–$320,000 | Regional hubs |
| Rural / northern WI | Lower entry | Seasonal lake homes vary |
| Cost | Rate/amount | Notes |
|---|---|---|
| Property tax rate | ~1.61% effective | Above US average |
| Annual tax ($295k home) | ~$4,750 | ~$396/month |
| Conforming loan limit | $832,750 | Standard federal limit |
| Winter / roof maintenance | Budget separately | Not in P&I |
| Home insurance | ~$900–$1,400/year | Hail / storm regions vary |
WHEDA provides conventional and government-backed loans with down payment assistance for qualified buyers. Veterans may use VA financing. Chicago spillover sometimes supports southeast Wisconsin demand — compare Illinois vs Wisconsin tax and insurance in parallel calculators if you are border-shopping.
Wisconsin’s median home value is approximately $295,000 in 2026. Milwaukee metro and Madison run higher — often $325,000–$400,000 for desirable neighborhoods — while smaller cities and rural areas offer homes well below the statewide median.
Wisconsin’s effective property tax rate is about 1.61% of home value — above the national average. On a $295,000 home, annual property taxes are roughly $4,750 (~$396/month in escrow). School funding and local levies drive most of the bill.
For a $295,000 home with 20% down ($59,000), the loan is $236,000. At 6.5% over 30 years, principal and interest are about $1,491/month. Adding property tax (~$396/month) and insurance (~$108/month), total payment is near $2,000, often aligning with roughly $70,000–$80,000+ gross income for conventional underwriting, depending on other debts.
The Wisconsin Housing and Economic Development Authority (WHEDA) offers fixed-rate first mortgages and down payment assistance for eligible buyers. Income limits and purchase caps apply by county; loans are originated through participating lenders.
Educational estimates only. Not a mortgage offer or tax advice.