Mortgage Calculator — Wisconsin
Pre-filled with Wisconsin's average home price of $265000, property tax rate of 1.52%, and average insurance of $1500/year. Adjust any value below.
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Wisconsin Housing Market
Wisconsin has moderate home prices but relatively high property taxes among Midwestern states. Madison benefits from the University of Wisconsin, driving consistent demand and price appreciation in Dane County.
Affordability in Wisconsin
Madison's strong job market and university presence keep prices elevated relative to the state median. Milwaukee and Green Bay offer more accessible entry points, with homes regularly available below $200,000 in outer suburban markets.
Key Markets
First-Time Buyer Programs in Wisconsin
WHEDA Advantage Conventional / FHA
Fixed-rate first mortgage with reduced mortgage insurance, with income and price limits.
WHEDA Easy Close DPA
Down payment and closing cost help as a 10-year amortizing second loan at the same rate as the first mortgage.
WHEDA Capital Access DPA
Deferred 0% down payment help for eligible buyers, repaid when the home is sold or refinanced.
Programs are run by the Wisconsin Housing and Economic Development Authority (WHEDA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Wisconsin
Wisconsin's property taxes are above the national average, especially in Milwaukee and Madison. The Lottery and Gaming Credit gives a small reduction on primary residences. At Wisconsin's average effective rate of 1.52%, a $265,000 home pays roughly $4,030/year (about $336/month).
Wisconsin Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Wisconsin
Wisconsin's real estate transfer fee is $3 per $1,000 (0.3%) and is usually paid by the seller. Owner's title insurance is also traditionally a seller cost, which keeps buyer closing costs moderate.
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