Wisconsin mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, includi...ng your principal and interest, taxes, insurance, and PMI in Wisconsin. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Wisconsin housing market

Wisconsin, the Badger State, has a complex housing market with housing prices in th...e top third in the U.S. The market is dominated by both urban areas like Milwaukee and Madison and rural markets. However, urban areas will likely have an outsized influence in the larger state housing market since they are growing and rural markets are losing population.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types

Total principal: $240,000

Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,140$1,553
Mortgage Rate4.125%3.4%*3.79%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,140$1,553
Mortgage Rate4.125%3.4%*3.79%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


Wisconsin mortgage and refinance rates today (APR)

Loan typeAverage
1 day
1 year
30-year fixed3.879%
15-year fixed3.298%
5/1 ARM3.581%

Today’s rate

30-year fixed

Current rates in Wisconsin are 3.879% for a 30-year fixed, 3.298% for a 15-year fixed, and 3.581% for a 5/1 adjustable-rate mortgage (ARM).

Find top real estate agents in Wisconsin

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Wisconsin's first-time home buyer programs

The Wisconsin Housing and Economic Development Authority, or WHEDA, offers several loan programs to help qualified first-time home buyers get a mortgage.

First Time Home Buyer (FTHB) Advantage

State program

Best for

Low mortgage rates

Down payment assistance

Closing cost assistance

What you need to know

Wisconsin's first-time home buyer assistance program offers 30-year fixed-rate mortgages at low interest rates for buyers who have credit scores of 620 or higher. There are limits on household income as well as on mortgage loan amounts. Borrowers can buy houses, duplexes and eligible condominiums...

See full article

Average property tax in Wisconsin counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Wisconsin. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

CountyAvg. property tax rateAvg. home value
Adams County1.63%$127,800
Ashland County1.55%$107,400
Barron County1.55%$145,500
Bayfield County1.23%$163,400
Brown County1.8%$173,400
Buffalo County1.46%$150,400
Burnett County1.17%$150,800
Calumet County1.79%$168,400
Chippewa County1.41%$154,900
Clark County1.48%$117,400
Columbia County1.6%$180,100
Crawford County1.77%$127,000
Dane County1.92%$263,300
Dodge County1.68%$164,700
Door County1.1%$204,700
Douglas County1.6%$140,400
Dunn County1.82%$156,700
Eau Claire County1.72%$170,400
Florence County1.5%$132,600
Fond du Lac County1.72%$152,100
Forest County1.13%$131,400
Grant County1.38%$137,200
Green County1.84%$163,600
Green Lake County1.59%$139,300
Iowa County1.67%$171,700
Iron County1.4%$107,200
Jackson County1.47%$129,400
Jefferson County1.72%$191,400
Juneau County1.72%$120,100
Kenosha County2.07%$174,500
Kewaunee County1.55%$155,900
La Crosse County1.84%$172,600
Lafayette County1.64%$126,600
Langlade County1.59%$106,200
Lincoln County1.6%$135,500
Manitowoc County1.8%$123,100
Marathon County1.79%$148,400
Marinette County1.41%$116,600
Marquette County1.57%$144,000
Menominee County1.18%$85,400
Milwaukee County2.41%$157,000
Monroe County1.57%$144,100
Oconto County1.45%$156,700
Oneida County1.1%$165,000
Outagamie County1.78%$168,600
Ozaukee County1.49%$291,200
Pepin County1.68%$143,800
Pierce County1.63%$193,300
Polk County1.56%$158,300
Portage County1.61%$162,000
Price County1.42%$120,000
Racine County1.96%$169,500
Richland County1.48%$134,400
Rock County1.95%$142,700
Rusk County1.19%$106,300
Sauk County1.63%$172,500
Sawyer County0.99%$161,700
Shawano County1.53%$135,800
Sheboygan County1.77%$154,900
St. Croix County1.42%$248,500
Taylor County1.69%$129,300
Trempealeau County1.67%$147,000
Vernon County1.55%$148,900
Vilas County0.87%$206,500
Walworth County1.55%$203,500
Washburn County1.35%$147,000
Washington County1.5%$232,300
Waukesha County1.53%$279,200
Waupaca County1.72%$142,300
Waushara County1.52%$140,500
Winnebago County1.98%$157,800
Wood County1.75%$135,500

Source: American Communities Survey 2016, U.S. Census

What’s included in a mortgage loan calculator?

A mortgage calculator used to look kind of like your grandfather’s cell phone. A bunch of buttons, a little screen and a lot of punching in numbers to get a result. The NerdWallet home mortgage calculator is different. It can calculate your monthly mortgage payment in no time.

Any good home mortgage calculator can do that. Even that big calculator stuffed in your grandpa’s shirt pocket. But an excellent mortgage payment calculator can do more. That’s why the NerdWallet monthly mortgage payment calculator also takes into account the additional costs — like taxes and insurance — that are included in your monthly payment. It’s called a PITI mortgage calculator, for principal, interest, taxes and insurance. We can also include HOA dues and PMI — private mortgage insurance — in your monthly payment calculation.

A lot of folks forget to include all those costs and are frankly a bit surprised when their monthly mortgage payment turns out to be a lot more than they counted on. The formula working behind the curtain of the NerdWallet mortgage calculator takes that bit of uncertainty out of the picture.

How to calculate your mortgage payment

For the paper and pencil mathletes out there, the mortgage payment calculation looks like this:

M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

  • M = monthly mortgage payment
  • P = the principal amount
  • i = your monthly interest rate. Your lender likely lists interest rates as an annual figure, so you’ll need to divide by 12, for each month of the year. So, if your rate is 5%, then the monthly rate will look like this: 0.05/12 = 0.004167.
  • n = the number of payments over the life of the loan. If you take out a 30-year fixed rate mortgage, this means: n = 30 years x 12 months per year, or 360 payments.

How to use a mortgage payment calculator

Determining what your monthly house payment will be is an important part of the “how much house can I afford?” decision. That monthly payment is likely to be the biggest part of your living overhead.

Using this tool to calculate your mortgage payment can help you run various scenarios in your decision process for buying a home. You may consider:

  • How long of a home loan term is right for you? A 30-year fixed-rate mortgage will lower your monthly payment, but you’ll pay more interest over the life of the loan. A 15-year fixed-rate mortgage can reduce the total interest you’ll pay, but your monthly payment will be higher. Regardless of which term you choose, fixed-rate mortgages have interest rates that are locked in for the life of the loan.
  • Is an ARM a good option? Adjustable-rate mortgages start with a “teaser” interest rate, and then the loan rate changes — higher or lower — over time. A 5/1 ARM can be a good choice, particularly if you plan on being in a home for just a few years or so. You’ll want to be aware of how much your monthly mortgage payment can change, especially if interest rates are trending higher.
  • If you’re buying too much home. The NerdWallet mortgage payment calculator can help you take a reality check on just how much home you can afford, especially when considering your all-in costs, including taxes, insurance and PMI.
  • Are you putting enough money down? With minimum down payments commonly as low as 3% these days, it’s easier than ever to put just a little money down. The mortgage payment calculator can help you decide what the best down payment for you may be.

What are the monthly costs built into a monthly mortgage payment?

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But that’s rarely the case these days. There are a lot of costs that can be built into a monthly mortgage payment. Here are the five key components in play when you calculate mortgage payments:

  • Principal: Typically, this would be the home’s purchase price, less any down payment It’s the amount you borrow. If you’re buying a $500,000 home and put down $100,000, the principal would be $400,000.
  • Interest: What the lender charges you to loan you the money. Interest rates are expressed as an annual percentage.
  • Property taxes: The annual tax assessed by a government authority on your home and land.
  • Mortgage insurance: If your down payment is less than 20% of the home’s purchase price, you’ll likely pay mortgage insurance. It protects the lender’s interest in case a borrower defaults on a mortgage. Once the equity in your property increases to 20%, the mortgage insurance is canceled, unless you have an FHA loan.
  • Homeowners association (HOA) fee: This is paid by homeowners to an organization that assists with upkeep, property improvements and shared amenities.

Can I lower my monthly payment?

This is where a mortgage calculator can really bring some clarity to the home buying process: by helping you to work different payment scenarios.

Here are ways you can lower your monthly payment:

  • Extend the number of years for the loan. It’s called the loan term, something we mentioned above. As we said, your payment will be lower but you’ll be paying a lot more interest over the added years. Review your amortization schedule to see the impact of extending your loan.
  • Buy less house. Obviously, taking out a smaller loan means a smaller monthly mortgage payment.
  • Avoid paying PMI. By putting down 20% or more, you won’t have to pay private mortgage insurance. That can be another option to consider as you run “what ifs” in the mortgage calculator tool. However, if you’re looking at FHA loans, mortgage insurance can last for the entire length of the loan.
  • Get a better interest rate. Putting more money down not only can eliminate PMI, but lower your interest rate, too. That means a lower monthly mortgage payment. Shopping at least three lenders can also increase your odds of getting a better mortgage interest rate.

Can my monthly payment go up?

Now, you’ve calculated your monthly mortgage payment and you’ve got a number you’re happy with. What could make your payment go up from there:

  1. If you have an adjustable-rate mortgage, as we mentioned above.
  2. If costs included in your mortgage payment, such as property taxes or homeowners insurance premiums, go up. And they will, eventually.
  3. If your mortgage loan servicer charges a late payment fee.