CALCMONEY // MORTGAGE // MN // WAYZATA
Calculate your monthly mortgage payment using Wayzata-specific property tax rates and local market data.
$1,250,000
6.9%
1.2%
184
| Principal & Interest | $6,586 |
| Property Tax | $1,250 |
| Homeowners Insurance (est.) | $417 |
| Total Monthly Payment (PITI) | $8,253 |
$250,000
$1,370,960
$353,686/yr
$1,250,000 buys the median home in Wayzata right now. With 20% down, that's a $250,000 down payment and a $1,000,000 loan, set against a $220,000 median household income.
At a 1.2% effective rate, Wayzata property taxes add $1,250 to the monthly payment on the median home, $15,000 a year in total.
Unlike the nine no-income-tax states, Minnesota taxes wage income. Worth running your actual take-home pay against the $8,253/month payment here before locking in a target price.
Day-to-day expenses in Wayzata track at 184 against the national 100 baseline, above average once you look past the mortgage payment itself.
Wayzata's median home price runs 252% higher than nearby Minneapolis: $355,000 there versus $1,250,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $1,000,000 loan saves $45,000 in interest over 30 years.
Compare Top Wayzata Mortgage LendersMinneapolis
$355,000 median
MNSt. Paul
$290,000 median
MNRochester
$320,000 median
MNDuluth
$215,000 median
Neighborhood-level data for 1 ZIP codes in Wayzata. Rates, home prices, and estimated payments vary by area.