Wyoming Mortgage Calculator

Wyoming mortgage calculator: get a payment you can trust

The calculator on this page gives you a fast estimate of a monthly mortgage payment for a Wyoming home. The estimate is only as good as the numbers you put in, so this guide walks through the inputs that matter most in Wyoming this fall: current rates, the price range buyers are actually paying, the new homeowner property tax exemption, insurance, and the extra costs that come with FHA, VA, and USDA loans. Summit Lending LLC (NMLS 2394434) is a mortgage broker licensed in Wyoming. We compare loans from multiple wholesale lenders, and we are happy to turn your calculator estimate into a real quote.

If you already know your price range, you can skip ahead to Wyoming preapproval or read about Wyoming purchase loans.

Summit Lending LLC, NMLS 2394434, is based at 4542 W 14800 N, Garland, UT 84312 and serves borrowers in Utah, Texas, Idaho, Wyoming, Arkansas, and Arizona. Call 385-200-1470 or email [email protected].

Wyoming numbers to start with

Redfin reported a statewide median sale price of about $387,387 for August 2026, up 1.9% from a year earlier. About 653 homes sold that month, up 15.5%, and the typical home sold in about 49 days. Inventory was tighter, with roughly 2,944 homes for sale, down 7.3% year over year (Redfin Wyoming data). A statewide median hides a wide spread. Prices around Teton County, where loan limits are the highest in the state, are far from what buyers pay in Casper, Gillette, or Rock Springs, so use a price that matches the town you are shopping in.

Rates set the base of every estimate. Freddie Mac's weekly survey put the average 30-year fixed rate at 7.28% for the week of October 1, 2026, up from 7.03% a week earlier and 6.34% a year ago. The 15-year average was 6.60% (Freddie Mac PMMS; history on FRED). Those are national averages for borrowers with strong credit and roughly 20% down, not Wyoming quotes. Freddie Mac publishes a new reading every Thursday (PMMS page), so if you are running numbers a few weeks from now, update the rate first.

What goes into a Wyoming mortgage payment

• Principal and interest. This is the part the calculator computes from price, down payment, rate, and term.
• Property tax. Wyoming property taxes are set locally and collected by your county. The 2025 homeowner exemption, explained below, can lower the bill for owner-occupied homes, so check whether a listing's tax figure already reflects it.
• Homeowners insurance. Wind and hail are real exposures across much of Wyoming, and rural or forested properties can carry wildfire risk. Get an insurance quote on the specific address early, because it can move the payment more than people expect.
• Mortgage insurance. PMI on conventional loans under 20% down, or MIP on FHA loans.
• HOA dues. Common in newer subdivisions in Cheyenne and Laramie. Dues count toward your debt-to-income ratio.

Wyoming has no state individual income tax (Wyoming Department of Revenue). That does not change the mortgage payment itself, but it can leave more room in a monthly budget than the same salary would in many neighboring states.

Worked example: a $387,000 Wyoming home

Take a home near the statewide median at $387,000 with 10% down, so the loan is $348,300. At the 7.28% survey average, principal and interest is about $2,383 a month on a 30-year fixed. A year ago, at 6.34%, the same loan would have been about $2,165, a difference of roughly $218 a month. A 15-year loan at 6.60% raises the payment to about $3,053, but you would pay about $201,284 in total interest over the full term instead of about $509,620 on the 30-year, assuming you keep the loan to the end.

Add property tax, insurance, and PMI to see the full monthly cost. With 10% down on a conventional loan, PMI applies until you reach 80% of the original value.

How the loan type changes your Wyoming result

Most online calculators assume a conventional loan with a fixed rate, which can make the number look better or worse than what you would actually get. Here is how the same $387,000 Wyoming home changes by program, using the 7.28% survey average as a stand-in rate. Your actual rate will differ by program and profile.

Conventional

Qualified buyers can put as little as 3% down on a one-unit primary home, which is $11,610 on $387,000 (Fannie Mae eligibility matrix). Below 20% down you pay private mortgage insurance, and you can ask to cancel it once the balance reaches 80% of the original value (CFPB on PMI). PMI is priced by credit score and down payment, so add it as a separate line in the calculator rather than guessing.

FHA

FHA requires 3.5% down with a 580 or higher score (HUD FHA overview). It also adds two insurance costs a basic calculator often skips: an upfront premium of 1.75% that is usually financed into the loan, and an annual premium paid monthly. For a base loan of $726,200 or less with more than 95% loan-to-value, the annual rate is 0.55% (HUD Mortgagee Letter 2023-05). On $387,000 with 3.5% down, the base loan is $373,455, the upfront premium adds $6,535, and principal and interest on $379,990 is about $2,600 at 7.28%. The monthly premium adds roughly $171, for about $2,771 before taxes and insurance. FHA limits in most Wyoming counties are at the 2026 national floor of $541,287, so this price fits comfortably.

VA

Eligible veterans and service members can buy with no down payment and no monthly mortgage insurance (VA purchase loans). A one-time funding fee applies unless you are exempt, and for first use with less than 5% down it is 2.15% of the loan (VA funding fee). Financing that fee on $387,000 brings the loan to about $395,320, with principal and interest near $2,705 at 7.28%.

USDA

USDA guaranteed loans allow no down payment in eligible rural areas for households under the income limits (USDA guaranteed loans). Large parts of Wyoming outside the bigger cities can be eligible. Check an address on the USDA eligibility map before you count on it.

Wyoming property tax and the 2025 homeowner exemption

Wyoming lawmakers passed Senate File 69 in 2025, creating a homeowner exemption equal to 25% of fair market value on the first $1,000,000 of value for an owner-occupied single-family home (SF0069 enrolled act). To qualify, the owner must have lived in the home for at least eight months of the year and file an affidavit. The Wyoming Department of Revenue explains the filing process and timing for each tax year (Wyoming homeowner exemption).

For the calculator, this means two things. First, a listing that shows the seller's tax bill may already include the exemption, which you would only receive once you qualify. Second, your first year of escrow might be estimated without it. We check this with you so the payment does not jump unexpectedly after the first escrow analysis.

Loan limits that shape a Wyoming estimate

The 2026 conforming loan limit for a one-unit home is $832,750 in 22 of Wyoming's 23 counties. Teton County is the exception at $1,249,125 (FHFA announcement, FHFA county file). Above those amounts you are in jumbo territory, which comes with different pricing and down payment rules.

For FHA, the 2026 one-unit floor is $541,287 and the ceiling is $1,249,125 (HUD announcement). Most Wyoming counties sit at the floor. The Jackson area is at the $1,249,125 ceiling, and the Evanston area in Uinta County is $579,600, according to HUD lookup results for 2026.

Down payment help in Wyoming

The Wyoming Community Development Authority (WCDA) offers down payment assistance of up to $15,000 through participating lenders, with a 620 minimum credit score and a $1,500 minimum borrower contribution, and it also has a Home$tretch option at 0% interest for eligible buyers (WCDA homebuyers). Price and income limits apply by county (WCDA limits). If you plan to use assistance, add it as part of your down payment in the calculator, and remember that a repayable second loan adds its own monthly payment.

From a calculator estimate to a real number

1. Run a few scenarios here. Try two prices, two down payments, and both a 30-year and 15-year term so you know your range.
2. Get preapproved. A preapproval means a lender checked your credit, income, and assets. The CFPB points out that lenders use the terms prequalification and preapproval differently, so ask what was verified (CFPB comparison). Several mortgage credit checks within 45 days count as one inquiry for most scoring models, so shopping does not hurt your score more than once (CFPB on credit checks).
3. Compare Loan Estimates. Lenders must send a Loan Estimate within three business days of your application, and the standard format makes side-by-side comparison easy (CFPB on Loan Estimates).
4. Watch your debt-to-income ratio. Lenders compare your monthly debts, including the new payment, to gross monthly income (CFPB on DTI). A payment that fits your budget can still be too high for a program limit, or the reverse.
5. Check the final numbers. Your Closing Disclosure arrives at least three business days before closing. Compare it to your Loan Estimate line by line (CFPB on Closing Disclosures).

Wyoming city and county calculators

For a closer local estimate, open the calculator for your area: Cheyenne, Casper, Laramie, Gillette, Rock Springs, Evanston, and Cody. County pages include Laramie County, Natrona County, Campbell County, Sweetwater County, Albany County, Sheridan County, Park County, Fremont County, Teton County, Uinta County, and Lincoln County.

Related pages

See the Wyoming mortgage overview, Wyoming refinance options, Wyoming first-time home buyer help, and Wyoming reverse mortgages. We also run calculators for Utah, Idaho, Texas, and Arkansas, all listed on the main loan calculator page.

Sources

• Redfin, Wyoming housing market
• Freddie Mac PMMS, Oct 1, 2026 release
• Freddie Mac Primary Mortgage Market Survey
• FRED, 30-Year Fixed Rate Mortgage Average
• Wyoming Department of Revenue
• Fannie Mae Eligibility Matrix
• CFPB, private mortgage insurance
• HUD, Let FHA loans help you
• HUD Mortgagee Letter 2023-05, FHA annual MIP (PDF)
• VA purchase loan
• VA funding fee and closing costs
• USDA Single Family Housing Guaranteed Loan Program
• USDA property eligibility map
• Wyoming SF0069 (2025), homeowner tax exemption (PDF)
• Wyoming Department of Revenue, homeowner exemption
• FHFA, 2026 conforming loan limits
• FHFA 2026 county loan limit list
• HUD No. 25-145, 2026 FHA loan limits
• HUD FHA mortgage limits lookup
• Wyoming Community Development Authority, homebuyers
• WCDA purchase price and income limits
• CFPB, prequalification vs. preapproval
• CFPB, when a lender checks your credit
• CFPB, What is a Loan Estimate?
• CFPB, debt-to-income ratio
• CFPB, What is a Closing Disclosure?

Information on this page is for general education and is current as of October 2026. It is not a commitment to lend or a rate quote. Program rules, limits, and availability change, and approval depends on your credit, income, assets, property, and lender guidelines. Summit Lending LLC, NMLS 2394434. Equal Housing Opportunity.