Mortgage Calculator Wyoming 2026: Payment, Property Tax & PMI
This mortgage calculator for Wyoming estimates your full monthly payment — principal & interest, property tax, homeowners insurance and PMI. Enter your own rate; everything is calculated privately in your browser.
A mortgage calculator for Wyoming estimates the full monthly cost of a Wyoming 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%. Wyoming has no real estate transfer tax, so closing costs are mainly lender, title and escrow fees.
How the Mortgage Calculator Wyoming 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 $340,000 Wyoming home, 10% down, 30-year fixed at a user-entered 6.5% (click Load Example above to reproduce it).
| Item | Inputs | Monthly |
|---|---|---|
| Principal & interest | $306,000 loan, 6.5%, 360 payments | $1,934.13 |
| Property tax | 0.53% of $340,000 ($1,802/yr) | $150.17 |
| Homeowners insurance | $1,500/yr (example — use your quote) | $125.00 |
| PMI | 0.6% of $306,000 ($1,836/yr) | $153.00 |
| Total monthly payment | $2,362.29 |
Over 30 years this loan pays about $390,290 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.
Wyoming Property Tax Rate and Your Monthly Payment
The Tax Foundation puts Wyoming’s effective property tax rate at about 0.53% of owner-occupied home value (annual property tax paid ÷ home value, from Census American Community Survey data), so the calculator defaults to 0.53%. Wyoming assesses residential property at 9.5% of fair market value, and the county levy (mills) is applied to that assessed value — the effective rate above already reflects that ratio. Recent legislation has added homeowner exemptions and relief programs, so check your county assessor for what applies to your home.
| Effective rate | Annual tax on $340,000 | Added to monthly payment |
|---|---|---|
| 0.40% | $1,360 | $113.33 |
| 0.53% (Tax Foundation statewide average) | $1,802 | $150.17 |
| 0.74% | $2,516 | $209.67 |
Wyoming Closing Costs: No Transfer Tax and Other Fees
Wyoming does not charge a real estate transfer tax or deed tax. The buyer does sign a statement of consideration that is filed with the deed for assessment purposes, but no tax is due on it. One-time costs are lender, title, escrow and county recording charges plus escrow deposits for property tax and insurance.
| Wyoming item | Amount | Usually paid by |
|---|---|---|
| Real estate transfer tax | $0 — none in Wyoming | — |
| County recording fees | Set by the county — see your Loan Estimate | 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 Wyoming Mortgage Rates Affect Your Payment
Rates in Wyoming follow national mortgage markets and vary by lender, credit score, down payment and loan type. On a $340,000 home with 20% down, an example rate of 6.9% produces a monthly principal and interest payment of about $1,791. A 0.25-point higher rate adds roughly $46 a month, so shopping several lenders can save thousands over the life of the loan.
Adjustable-rate mortgages (ARMs) often start lower but carry rate-reset risk, while a fixed rate keeps principal and interest the same for the whole term. FHA loans (3.5% down) and VA loans (0% down for eligible veterans) are alternatives to a conventional loan in Wyoming.
First-Time Buyer Programs in Wyoming
The Wyoming Community Development Authority (WCDA) offers first-time homebuyer mortgages with down payment assistance; check WCDA for current income and purchase price limits.
FHA loans are available nationwide and require 3.5% down with a 580+ credit score. USDA loans offer 0% down for eligible rural properties in Wyoming. 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 $306,000 loan adds about $153/month at a 0.6% annual rate. Experian, citing the Urban Institute puts typical PMI at roughly 0.46%–1.5% of the loan per year depending on credit score, so enter your lender’s quote in the PMI field. PMI can be removed once your loan-to-value ratio reaches 80%, and extra payments get you there sooner.
Last updated: October 2026. Estimates only — confirm figures with your lender, title company and local tax office.
Frequently Asked Questions
What is the average mortgage rate in Wyoming in 2026?
Wyoming 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. The 6.9% default in this calculator is only an example.
What is the average monthly mortgage payment in Wyoming?
There is no single average - it depends on price, rate and local tax. As an example, a $340,000 home with 20% down at 6.9% has principal and interest of about $1,791 a month; adding 0.53% property tax and $1,500 a year for insurance gives an estimated PITI of about $2,067 a month.
Do I need PMI in Wyoming?
Usually, if your down payment on a conventional loan is less than 20%, lenders in Wyoming require Private Mortgage Insurance (PMI). The Urban Institute puts typical PMI at about 0.46%-1.5% of the loan amount per year, depending mainly on credit score. PMI can be removed once you reach 20% equity, and VA loans have no PMI.
What home price should I enter for Wyoming?
Enter the actual purchase price or list price you are considering. The $340,000 default is an example, not a statewide median - prices vary widely by city and county in Wyoming, so the payment for your home can be much higher or lower.
What is the property tax rate in Wyoming?
The Tax Foundation puts Wyoming’s effective property tax rate on owner-occupied homes at about 0.53% of home value - roughly $1,802 a year on a $340,000 home. Actual rates vary by county, city and school district, so use the rate from your own tax bill or listing.
Does Wyoming have a real estate transfer tax?
No. Wyoming does not charge a state or county real estate transfer tax, so neither buyer nor seller pays one. A statement of consideration is filed with most deeds for assessment purposes, and closing costs are mainly lender, title, escrow and recording fees.
What is the monthly payment on a $340,000 house in Wyoming?
With 10% down and a 30-year fixed loan at 6.5%, principal and interest is about $1,934 a month. Adding 0.53% property tax ($150), $1,500 a year insurance ($125) and 0.6% PMI ($153) brings the total to about $2,362 a month.