Monthly Payment on a $100K Mortgage in Wyoming
Using Wyoming's 0.61% property tax rate and $1,800/yr homeowners insurance.
$100K Mortgage in Wyoming: Rate Comparison
Monthly PITI payment using Wyoming's 0.61% property tax and $1,800/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $796 | $764 | $655 |
| 6.0% | $826 | $793 | $680 |
| 6.5% | $857 | $822 | $706 |
| 7.0% | $888 | $852 | $733 |
| 7.5% | $921 | $883 | $760 |
| 8.0% | $953 | $914 | $788 |
How This Compares to Wyoming's Median
A $100K home is 71% below Wyoming's median of $340K. This is well within reach in many Wyoming communities.
Income Needed for a $100K Home in Wyoming
To afford this payment of $822/mo in Wyoming, you'd need a household income of approximately $35K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $40K salary can afford →Closing Costs in Wyoming
Estimated closing costs in Wyoming: $1K (1.1% of purchase price). Wyoming has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $100K Mortgage in Wyoming
With 10% down ($10,000), your loan of $90,000 at 6.5% over 30 years produces a principal and interest payment of $569/mo. Adding Wyoming's 0.61% property tax ($51/mo) and $1,800/yr insurance ($150/mo) brings your total to $822/mo. Because you're putting less than 20% down, PMI adds $53/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.