Wisconsin variant. This is a Wisconsin-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $285,000 and an effective property tax rate of 1.61%, a typical Wisconsin mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Wisconsin mortgage payment
On the $285,000 median home with 20% down ($57,000), you'd finance about $228,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,441/month.
Wisconsin's 1.61% effective property tax adds about $382/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Wisconsin
Wisconsin levies a graduated income tax with a top marginal rate around 7.65%.
Wisconsin's effective property tax rate is relatively high near 1.6%, with median home values around $285,000.
Wisconsin's economy is known for dairy and agriculture, manufacturing, and food and beverage production.
Worked example: $285,000 home in Wisconsin
Price $285,000, 20% down ($57,000), loan $228,000 at 6.5% for 30 years → P&I ≈ $1,441/mo. Add property tax ≈ $382/mo (1.61% of value ÷ 12). Total before insurance ≈ $1,823/mo.
Quick reference
- State income tax: 3.5-7.65% across 4 brackets
- State sales tax: 5% (plus 0.43% avg local)
- Median home value: $285,000
- Median household income: $72,458
- Effective property tax rate: 1.61%
- Avg auto insurance: $1,224/yr
Frequently Asked Questions
How much is a mortgage on a $285,000 Wisconsin home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,441/month, before Wisconsin's 1.61% property tax and insurance.
What is the property tax rate in Wisconsin?
Wisconsin's effective property tax rate is about 1.61% of home value per year.