Monthly Payment on a $250K Mortgage in Wyoming
Using Wyoming's 0.61% property tax rate and $1,800/yr homeowners insurance.
$250K 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% | $1,764 | $1,686 | $1,413 |
| 6.0% | $1,840 | $1,757 | $1,476 |
| 6.5% | $1,917 | $1,830 | $1,541 |
| 7.0% | $1,996 | $1,905 | $1,608 |
| 7.5% | $2,076 | $1,982 | $1,676 |
| 8.0% | $2,158 | $2,059 | $1,745 |
How This Compares to Wyoming's Median
A $250K home is 26% below Wyoming's median of $340K. You'll find homes at this price in cities like Powell, Rock Springs, Riverton, Evanston, Douglas, Thermopolis.
Income Needed for a $250K Home in Wyoming
To afford this payment of $1,830/mo in Wyoming, you'd need a household income of approximately $78K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $80K salary can afford →Closing Costs in Wyoming
Estimated closing costs in Wyoming: $3K (1.1% of purchase price). Wyoming has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $250K Mortgage in Wyoming
With 10% down ($25,000), your loan of $225,000 at 6.5% over 30 years produces a principal and interest payment of $1,422/mo. Adding Wyoming's 0.61% property tax ($127/mo) and $1,800/yr insurance ($150/mo) brings your total to $1,830/mo. Because you're putting less than 20% down, PMI adds $131/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $286,975 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $26,920 over the life of the loan.