Wisconsin First-Time Homebuyer Calculator
First-time homebuyer costs in Wisconsin: $9,100 FHA down payment, $7,280 closing costs, 1.85% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Wisconsin. Includes down payment, closing costs (2.8%), PMI (required below 20% down), property tax (1.85%), and homeowners insurance ($1,380/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Wisconsin homebuyer facts: Median price $260,000 | 20% down = $52,000 | FHA 3.5% down = $9,100 | Closing costs ~$7,280 | Property tax 1.85% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Wisconsin?
For Wisconsin's median home ($260,000): FHA minimum down payment is $9,100 (3.5%), plus $7,280 in closing costs. Total minimum: ~$16,380. With 20% down to avoid PMI: ~$59,280.
What are closing costs in Wisconsin?
Wisconsin closing costs average 2.8% of the home price, or about $7,280 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0.3%.
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