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Mortgage Calculator &
Closing Costs: Cheyenne, WY

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cheyenne, Wyoming.

Median Home Price
$325K
Population
65K
Avg Monthly Rent
$1,220
Property Tax Rate
0.61%
Cheyenne vs Wyoming Median
The median home price in Cheyenne is $325,000, which is roughly in line with the Wyoming state median of $340,000.

Mortgage Calculator — Cheyenne, WY

Pre-filled with Cheyenne median home price and Wyoming tax/insurance rates. Adjust for your property.

$
$65,000
%
%
years
WY avg
%
$
Monthly Payment (PITI)
$1,959
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,643
per month
Taxes & Insurance
$315
per month
Total Interest Paid
$332K
over 30 years
Total Loan Cost
$592K
all payments
Payment Breakdown
Loan Amount$260,000
Principal & Interest$1,643
Property Taxes$165
Homeowners Insurance$150
Total Monthly PITI$1,959

Closing Costs — Cheyenne, WY

Estimated closing costs based on Wyoming rates and fees applied to Cheyenne prices.

$
%
Wyoming: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$9,713
3.0% of purchase price
Lender Fees
$2,765
origination, underwriting
Third-Party
$3,075
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,873
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,340
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,925
Recording Fee$150
Prepaid Taxes (3 mo)$496
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$781
Escrow Reserves$796
Total Closing Costs$9,713

Buying a Home in Cheyenne, Wyoming

The median home price in Cheyenne is $325,000, roughly in line with the Wyoming state median of $340,000. With a population of 65,132, Cheyenne is a smaller market where home prices tend to be more accessible than in many parts of Wyoming.

Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Cheyenne buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.

Average rent in Cheyenne is $1,220/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Cheyenne presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Cheyenne.
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