Mortgage on a $500K house in Wisconsin
$3,442 a month with 20% down — $2,691 principal and interest plus $502 property tax and $250 insurance.
Wisconsin's typical property tax is 1.2% of the home's value a year (U.S. average 0.9%), which adds $502 a month on a $500K home. The typical home in Wisconsin is worth $337,196, so $500K is 48% above the typical price.
$500K home in Wisconsin: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $752 | $3,442 | $147,500 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $752 | $3,966 | $170,000 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $752 | $4,145 | $177,600 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $752 | $4,275 | $183,200 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Waukesha County | $502,911 | 1.14% | $3,417 |
| Ozaukee County | $508,113 | 1.19% | $3,435 |
| Dane County | $467,783 | 1.63% | $3,618 |
| Door County | $437,959 | 1.02% | $3,365 |
| Washington County | $427,931 | 1.1% | $3,400 |
70 of 72 Wisconsin counties tracked by Zillow have a typical home value at or below $500K. See all Wisconsin home prices.
Other prices in Wisconsin
Frequently asked questions
What is the mortgage on a $500K house in Wisconsin?
About $3,442 a month with 20% down at 7.11%: $2,691 principal and interest, $502 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Wisconsin?
About $147,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Wisconsin?
At Wisconsin's typical effective rate of 1.2%, about $6,019 a year. Rates vary by county and city — see the county pages.