Mortgage Calculator Wisconsin 2026: Payment, PMI & Transfer Fee
This mortgage calculator for Wisconsin estimates your full monthly payment — principal & interest, property tax, homeowners insurance and PMI — plus the state real estate transfer fee. Enter your own rate; everything is calculated privately in your browser.
A mortgage calculator for Wisconsin estimates the full monthly cost of a Wisconsin home loan: principal and interest from standard amortization, plus property tax, homeowners insurance and private mortgage insurance (PMI) when you put down less than 20%. It also shows the state real estate transfer fee of $3 per $1,000 of value, which the seller normally pays.
How the Mortgage Calculator Wisconsin Formula Works (Worked Example)
Principal and interest use the standard amortization formula M = P × r(1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r the monthly rate (annual rate ÷ 12) and n the number of payments. Property tax is the home price × your local rate ÷ 12, insurance is your annual premium ÷ 12, and PMI is the loan amount × your PMI rate ÷ 12. Example: a $300,000 Wisconsin home, 10% down, 30-year fixed at a user-entered 6.5% (click Load Example above to reproduce it).
| Item | Inputs | Monthly |
|---|---|---|
| Principal & interest | $270,000 loan, 6.5%, 360 payments | $1,706.58 |
| Property tax | 1.50% of $300,000 ($4,500/yr) | $375.00 |
| Homeowners insurance | $1,450/yr (example — use your quote) | $120.83 |
| PMI | 0.6% of $270,000 ($1,620/yr) | $135.00 |
| Total monthly payment | $2,337.42 | |
| Transfer fee (one-time, usually seller) | $300,000 ÷ 1,000 × $3 | $900.00 |
Over 30 years this loan pays about $344,370 in interest. Your rate is an input, not an assumption — check the current weekly national average in Freddie Mac’s Primary Mortgage Market Survey and compare lender Loan Estimates.
Wisconsin Property Tax Rate and Your Monthly Payment
Wisconsin’s statewide gross property tax rate was $15.03 per $1,000 of equalized value (about 1.50%) in the Wisconsin Policy Forum’s 2025 Property Values and Taxes data (reported by WNA), and the Forum’s September 2026 update reports the statewide rate fell again for a twelfth straight year. That is an average before state credits on your bill; actual rates vary widely by city, village, town and school district, so enter the rate from your own tax bill or listing for the best estimate.
| Local rate | Annual tax on $300,000 | Added to monthly payment |
|---|---|---|
| 1.25% | $3,750 | $312.50 |
| 1.50% (statewide gross average) | $4,500 | $375.00 |
| 2.00% | $6,000 | $500.00 |
Wisconsin Closing Costs: Transfer Fee and Recording Fees
Wisconsin has one statewide real estate transfer fee, not county-by-county transfer taxes. Under Wis. Stat. § 77.22 the fee is $3 per $1,000 of value, imposed on the grantor (seller), with the value rounded up to the next $100 before multiplying by 0.003. Some transfers are exempt under § 77.25.
| Wisconsin item | Amount | Usually paid by |
|---|---|---|
| Real estate transfer fee (Wis. Stat. § 77.22) | $3 per $1,000 of value — $900 on $300,000 | Seller (grantor) |
| Register of deeds recording fee (Wis. Stat. § 59.43(2)(ag)) | $30 per recorded document (e.g. deed, mortgage) | Party recording the document |
| Escrow deposits for tax and insurance | Set by your lender — see your Loan Estimate | Buyer |
| Lender, appraisal and title charges | Vary by lender and title company — compare Loan Estimates | Negotiable |
Some costs are negotiable, and sellers sometimes cover part of a buyer’s closing costs as a concession.
How Wisconsin Mortgage Rates Affect Your Payment
Rates in Wisconsin follow national mortgage markets and vary by lender, credit score, down payment and loan type. On a $280,000 home with 20% down, a 6.9% rate produces a monthly principal and interest payment of approximately $1,475. A 0.25% rate increase adds roughly $38 to that payment, so shopping multiple lenders can save thousands over the life of the loan.
Adjustable-rate mortgages (ARMs) often start lower but carry rate-reset risk. Most Wisconsin homebuyers choose 30-year fixed loans for payment predictability. FHA loans (3.5% down) and VA loans (0% down for veterans) are also popular in Wisconsin.
First-Time Buyer Programs in Wisconsin
Wisconsin Housing and Economic Development Authority (WHEDA) offers Advantage conventional loans. These programs can reduce the cash needed to close by thousands of dollars, making homeownership more accessible in Wisconsin's current market.
FHA loans are available nationwide and require only 3.5% down with a 580+ credit score — ideal for first-time buyers in Wisconsin who have limited savings. USDA loans offer 0% down for eligible rural properties in Wisconsin. VA loans are available to qualified veterans and active-duty service members with no down payment required and no PMI.
If your down payment is below 20%, Private Mortgage Insurance (PMI) on a $224,000 loan adds approximately $112/month at a 0.6% annual rate. The Urban Institute puts typical PMI at roughly 0.46%–1.5% of the loan per year depending on credit score. PMI can be removed once your loan-to-value ratio reaches 80%, so extra payments accelerate the timeline to dropping PMI.
Last updated: October 2026. Estimates only — confirm figures with your lender and local tax office.
Frequently Asked Questions
What is the average mortgage rate in Wisconsin in 2026?
Wisconsin mortgage rates track national averages and change weekly. Check the Freddie Mac Primary Mortgage Market Survey for the current 30-year fixed average, then compare quotes from several lenders - your rate depends on credit score, down payment and loan type.
What is the average monthly mortgage payment in Wisconsin?
For a $280,000 home with 20% down in Wisconsin, the estimated PITI (principal, interest, taxes, and insurance) is approximately $1,946/month at 6.9%, assuming a 1.50% property tax rate and $1,450 a year for insurance.
Do I need PMI in Wisconsin?
Yes — if your down payment is less than 20%, lenders in Wisconsin require Private Mortgage Insurance (PMI) on conventional loans. The Urban Institute puts typical PMI at about 0.46%–1.5% of the loan amount per year, depending on credit score. PMI is removed once you reach 20% equity.
What is the average home price in Wisconsin?
The median home price in Wisconsin is approximately $280,000 in 2026, based on recent market data. Prices vary significantly by city and county.
What is the property tax rate in Wisconsin?
The statewide gross property tax rate was $15.03 per $1,000 of equalized value (about 1.50%) in Wisconsin Policy Forum 2025 data - roughly $4,200 a year on a $280,000 home before state credits. Rates vary widely by municipality and school district, so use the rate on your own tax bill.
How much is the real estate transfer fee in Wisconsin?
Wisconsin charges $3 per $1,000 of value under Wis. Stat. 77.22, with the value rounded up to the next $100 - $900 on a $300,000 home. The fee is imposed on the grantor, so the seller usually pays it, and some transfers are exempt.
What is the monthly payment on a $300,000 house in Wisconsin?
With 10% down and a 30-year fixed loan at 6.5%, principal and interest is about $1,707 a month. Adding 1.50% property tax ($375), $1,450 a year insurance ($121) and 0.6% PMI ($135) brings the total to about $2,337 a month.