Milwaukee Mortgage Calculator
Estimate your monthly mortgage payment in Milwaukee, WI. On the local median home value of $175,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,246. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$885
- Property Tax$270
- Home Insurance$92
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $10,619 | $1,565 | $9,054 | $138,435 |
| 2 | $10,619 | $1,670 | $8,949 | $136,766 |
| 3 | $10,619 | $1,781 | $8,837 | $134,984 |
| 4 | $10,619 | $1,901 | $8,718 | $133,083 |
| 5 | $10,619 | $2,028 | $8,591 | $131,055 |
| 6 | $10,619 | $2,164 | $8,455 | $128,892 |
| 7 | $10,619 | $2,309 | $8,310 | $126,583 |
| 8 | $10,619 | $2,463 | $8,155 | $124,119 |
| 9 | $10,619 | $2,628 | $7,990 | $121,491 |
| 10 | $10,619 | $2,804 | $7,814 | $118,687 |
| 11 | $10,619 | $2,992 | $7,627 | $115,694 |
| 12 | $10,619 | $3,193 | $7,426 | $112,502 |
| 13 | $10,619 | $3,406 | $7,212 | $109,095 |
| 14 | $10,619 | $3,635 | $6,984 | $105,461 |
| 15 | $10,619 | $3,878 | $6,741 | $101,583 |
| 16 | $10,619 | $4,138 | $6,481 | $97,445 |
| 17 | $10,619 | $4,415 | $6,204 | $93,030 |
| 18 | $10,619 | $4,710 | $5,908 | $88,320 |
| 19 | $10,619 | $5,026 | $5,593 | $83,294 |
| 20 | $10,619 | $5,363 | $5,256 | $77,931 |
| 21 | $10,619 | $5,722 | $4,897 | $72,210 |
| 22 | $10,619 | $6,105 | $4,514 | $66,105 |
| 23 | $10,619 | $6,514 | $4,105 | $59,591 |
| 24 | $10,619 | $6,950 | $3,669 | $52,641 |
| 25 | $10,619 | $7,415 | $3,203 | $45,226 |
| 26 | $10,619 | $7,912 | $2,707 | $37,314 |
| 27 | $10,619 | $8,442 | $2,177 | $28,872 |
| 28 | $10,619 | $9,007 | $1,611 | $19,865 |
| 29 | $10,619 | $9,611 | $1,008 | $10,254 |
| 30 | $10,619 | $10,254 | $365 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Milwaukee (about $175,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Wisconsin's average effective rate of 1.85%. Within Wisconsin, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Milwaukee. At $175,000 with a 20% down payment, you'd bring $35,000 to closing (plus closing costs) and take out a $140,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $885.
Annual costs on top of the loan. Wisconsin's average property tax rate is 1.85%, so a median-priced Milwaukee home generates approximately $3,238 in annual property tax (about $270/mo when paid through escrow). Homeowner's insurance in Wisconsin averages around $1,100/year.
Total monthly payment (PITI) on the median Milwaukee home works out to about $1,246 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Wisconsin-specific property taxes, see the Wisconsin Property Tax Calculator.