Wyoming First-Time Homebuyer Calculator
First-time homebuyer costs in Wyoming: $10,850 FHA down payment, $7,130 closing costs, 0.61% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Wyoming. Includes down payment, closing costs (2.3%), PMI (required below 20% down), property tax (0.61%), and homeowners insurance ($1,450/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Wyoming homebuyer facts: Median price $310,000 | 20% down = $62,000 | FHA 3.5% down = $10,850 | Closing costs ~$7,130 | Property tax 0.61% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Wyoming?
For Wyoming's median home ($310,000): FHA minimum down payment is $10,850 (3.5%), plus $7,130 in closing costs. Total minimum: ~$17,980. With 20% down to avoid PMI: ~$69,130.
What are closing costs in Wyoming?
Wyoming closing costs average 2.3% of the home price, or about $7,130 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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