Can I Afford a $250K Home in Wyoming?
Complete mortgage breakdown for a $250,000 home in Wyoming, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$1,545/mo
P&I: $1,314 + Tax: $115 + Insurance: $117
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $7,500 | $1,925 | $82,515 |
| 5% | $12,500 | $1,890 | $81,018 |
| 10% | $25,000 | $1,803 | $77,275 |
| 20% | $50,000 | $1,545 | $66,219 |
Monthly Cost Breakdown (Wyoming)
Principal & Interest
$1,314/mo
Property Tax (0.55%)
$115/mo
Homeowners Insurance
$117/mo
Total Interest (30-yr)
$272,989
Affordability Rules of Thumb
28% Rule (Housing)
$66,219/yr
Minimum gross income
36% Rule (All Debt)
$51,504/yr
If no other debt
3Ã Income Rule
$83,333/yr
Conservative target
Buying a $250K Home in Wyoming
A $250,000 home in Wyoming is at or below the national median home price. With a 20% down payment of $50,000, your estimated monthly payment of $1,545 is achievable on a salary of $66,219 or more. Wyoming's property tax rate of 0.55% is relatively low, helping keep costs down.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Wyoming.