Mortgage on a $400K house in Wisconsin
$2,754 a month with 20% down — $2,153 principal and interest plus $401 property tax and $200 insurance.
Wisconsin's typical property tax is 1.2% of the home's value a year (U.S. average 0.9%), which adds $401 a month on a $400K home. The typical home in Wisconsin is worth $337,196, so $400K is 19% above the typical price.
$400K home in Wisconsin: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $601 | $2,754 | $118,000 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $601 | $3,173 | $136,000 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $601 | $3,316 | $142,100 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $601 | $3,420 | $146,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.2% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Wisconsin does $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Walworth County | $405,546 | 1.33% | $2,797 |
| Vilas County | $408,356 | 0.73% | $2,597 |
| Saint Croix County | $415,702 | 1.17% | $2,743 |
| Calumet County | $377,545 | 1.41% | $2,824 |
| Washington County | $427,931 | 1.1% | $2,720 |
| Pierce County | $371,522 | 1.36% | $2,807 |
| Jefferson County | $369,355 | 1.46% | $2,840 |
| Door County | $437,959 | 1.02% | $2,692 |
| Columbia County | $356,976 | 1.36% | $2,806 |
| Brown County | $355,212 | 1.38% | $2,812 |
| Sauk County | $344,270 | 1.45% | $2,837 |
| Iowa County | $343,526 | 1.52% | $2,861 |
64 of 72 Wisconsin counties tracked by Zillow have a typical home value at or below $400K. See all Wisconsin home prices.
Other prices in Wisconsin
Frequently asked questions
What is the mortgage on a $400K house in Wisconsin?
About $2,754 a month with 20% down at 7.11%: $2,153 principal and interest, $401 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Wisconsin?
About $118,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Wisconsin?
At Wisconsin's typical effective rate of 1.2%, about $4,815 a year. Rates vary by county and city — see the county pages.