Mortgage Payment Calculator for Wyoming

Mortgage Payments in Wyoming

The median home value in Wyoming is $290,000. Teton County (Jackson Hole) is one of the most expensive markets in the US, with median home prices exceeding $2M. Casper and Cheyenne are far more affordable. The energy sector drives economic cycles across much of the state.

Conforming Loan Limits in Wyoming

The conforming loan limit is $726,200. All Wyoming counties are at the standard conforming limit except Teton County, which qualifies for high-cost limits. Loans up to this amount qualify for standard Fannie Mae/Freddie Mac rates. Above this is jumbo territory with stricter requirements.

Sample Monthly Payments in Wyoming

At the median home value of $290,000 with a 20% down payment ($58,000), you'd borrow $232,000. At 7% for 30 years, principal and interest runs approximately $1,544/month. Add property taxes (~$133/mo) and insurance (~$150/mo) for a total PITI estimate.

Property Taxes in Wyoming

Budget for Wyoming's effective property tax rate of 0.55% (avg. bill: $1,380/year). Lenders include taxes in your PITI calculation and collect them monthly in escrow.

Closing Costs

First-time buyers in Wyoming should budget for closing costs of approximately $2,400. Wyoming has no state income tax, no transfer tax, and minimal recording fees. Overall closing costs are among the lowest in the Mountain West.

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