Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Wisconsin homebuyers.
Pre-filled with Wisconsin medians. Adjust for your property.
Estimated closing costs based on Wisconsin tax rates and fees.
The median home price in Wisconsin is $280,000, with property taxes averaging 1.76% annually. Wisconsin's property tax rate is well above the national average of ~1.1%, adding significant cost to monthly payments — budget carefully.
Closing costs in Wisconsin average $4K (1.4%% of purchase price). The state charges a 0.3% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $1,300 per year. This is within the normal range nationally.
Wisconsin offers the WHEDA First-Time Advantage for first-time buyers: Up to $3,050 Easy Close grant. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Wisconsin presents moderate affordability. The $280K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.