CALCMONEY // MORTGAGE REFINANCE // WY
Wyoming average rate: 6.76%. On the median loan of $297,348, a 1% rate drop saves $193/month and breaks even in 39 months.
Calculate Your Refinance6.76%
$371,685
$1,931
$7,434
| New Rate | New Monthly | Monthly Savings | Break-Even | 30yr Savings |
|---|---|---|---|---|
| 6.26% (save 0.5%) | $1,833 | $98/mo | 6yr 5mo | $27,779 |
| 5.76% (save 1.0%) | $1,737 | $193/mo | 3yr 3mo | $62,204 |
| 5.26% (save 1.5%) | $1,644 | $287/mo | 2yr 2mo | $95,800 |
The median home price in Wyoming is $371,685. At 80% LTV, the typical loan is $297,348 at the current 6.76% average rate, producing a monthly P+I payment of $1,931. Total interest over 30 years at this rate: $397,657.
Property taxes in Wyoming average 0.53% of assessed value, or $1,970 per year on the median home. This adds $164/month to your all-in housing cost. When evaluating a refinance, factor in property tax and insurance for a complete picture.
Wyoming has no state income tax, so there is no state-level mortgage interest deduction. The federal deduction still applies on loans up to $750,000 for itemizers.
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$378,167 median home
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$402,190 median home