Wyoming Mortgage Calculator
Estimate your monthly mortgage payment in Wyoming with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Wyoming is $370,000 with an effective property tax rate of 0.61%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
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| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $22,451.04 | $3,308.45 | $19,142.59 | $292,691.55 |
| 1 | $1,870.92 | $267.59 | $1,603.33 | $295,732.41 |
| 2 | $1,870.92 | $269.04 | $1,601.88 | $295,463.37 |
| 3 | $1,870.92 | $270.49 | $1,600.43 | $295,192.88 |
| 4 | $1,870.92 | $271.96 | $1,598.96 | $294,920.92 |
| 5 | $1,870.92 | $273.43 | $1,597.49 | $294,647.49 |
| 6 | $1,870.92 | $274.91 | $1,596.01 | $294,372.58 |
| 7 | $1,870.92 | $276.40 | $1,594.52 | $294,096.18 |
| 8 | $1,870.92 | $277.90 | $1,593.02 | $293,818.28 |
| 9 | $1,870.92 | $279.40 | $1,591.52 | $293,538.88 |
| 10 | $1,870.92 | $280.92 | $1,590.00 | $293,257.96 |
| 11 | $1,870.92 | $282.44 | $1,588.48 | $292,975.52 |
| 12 | $1,870.92 | $283.97 | $1,586.95 | $292,691.55 |
Year 2 | $22,451.04 | $3,530.01 | $18,921.03 | $289,161.54 |
Year 3 | $22,451.04 | $3,766.44 | $18,684.60 | $285,395.10 |
Year 4 | $22,451.04 | $4,018.68 | $18,432.36 | $281,376.42 |
Year 5 | $22,451.04 | $4,287.80 | $18,163.24 | $277,088.62 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Wyoming Housing Snapshot
| Median Home Value | $370,000 |
| Effective Property Tax Rate | 0.61% |
| Estimated Annual Property Tax | $2,257 |
| State Income Tax | None |
| Homestead Exemption | $20,000 protection in bankruptcy; veterans exemption up to $3,000 on property tax |
| Avg Homeowners Insurance | $1,390/yr |
| Transfer & Recording Taxes | No state real estate transfer tax |
What Makes Buying in Wyoming Different
Wyoming has no state income tax, no state real estate transfer tax, and one of the lowest effective property tax rates in the US at 0.61%. Combined with the lowest population of any US state, Wyoming offers a unique mix of affordability and tax friendliness. Most of the state median home values are in the $285,000 to $345,000 range, with one major exception: Teton County (Jackson, Wilson, Teton Village) which is one of the most expensive housing markets in the US with median values approaching $2.75 million in Jackson. The disparity is so extreme that Teton County is statistically excluded from most state-level housing analyses. Wyoming's appeal to wealthy individuals seeking tax efficiency has made Jackson a year-round market dominated by trusts, second homes, and high-net-worth buyers. The rest of Wyoming functions as a small-state, oil-and-gas-and-ranching economy with modest housing dynamics. Insurance averages $1,390 per year, with hail and severe weather exposure across the eastern plains.
Top Cities in Wyoming
| City | Median Home Value |
|---|---|
| Cheyenne | $345,000 |
| Casper | $295,000 |
| Laramie | $335,000 |
| Gillette | $285,000 |
| Jackson | $2,750,000 |
Jackson and surrounding Teton County have become one of the most expensive housing markets in the US, with median values approaching $2.75 million. The combination of no state income tax (drawing high-net-worth individuals), Grand Teton and Yellowstone proximity, limited developable land (most of Teton County is federal land), and being a private aviation hub creates an extreme luxury market. Year-round residents are a small fraction of property owners; many homes are second residences or trust-held properties.
Wyoming is consistently ranked among the most tax-friendly US states for retirees. No state income tax, low property tax (0.61% effective), no state real estate transfer tax, and no estate or inheritance tax. Social Security and other retirement income are not taxed at the state level. The cold winters and limited healthcare infrastructure outside Cheyenne and Casper are the primary lifestyle considerations.
Honorably discharged veterans qualify for a property tax exemption of up to $3,000 in assessed value on their primary residence. This is in addition to any other state veteran benefits. Apply through your county assessor by April 1 of the tax year. Some counties offer additional veteran-related exemptions on top of the state amount.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.