Did you know - The average monthly mortgage payment in Wisconsin is just over $1418?
Did you know -- The current average 30-year fixed mortgage rate in Wisconsin remained stable at 2.86%?Did you know - In our surrounding area the median sales price of a home is $274,375?
Did you know - In our surrounding area the median property tax is $3359.75 per year?
Counties in Wisconsin collect an average of 1.76% of a property's assessed fair market value as property tax per year. Wisconsin has one of the highest average property tax rates in the country, with only eight states levying higher property taxes.
(Dane County collects the highest property tax in Wisconsin, levying an average of $4,149.00 (1.8% of median home value) yearly in property taxes)
Did you know - The average cost of a home insurance policy in Wisconsin is $1257 per year. (Wisconsin home insurance is 40.2% less than the U.S. average)
Did you know - Home values in our surrounding area have increased 10.3% since last year.
Do you know - The Estimated The Cost Of Renting Vs. Buying
In many cases, renting can be cheaper than buying a home because of the upfront costs involved. (down payment, closing costs)
What’s Included in a Monthly Mortgage Payment...
It’s not just your mortgage balance. Every mortgage payment has four legs: principal, interest, property taxes, and homeowner’s insurance.
On the other hand, buying a home can be cheaper in the long run and it offers you an opportunity to build equity. (Home values in our surrounding area have increased 10.3% since last year.)
Did you know - That in our surrounding area buying a home is actually cheaper according to a National Association of REALTORS® report. It shows that after 6 years a homeowners mortgage payment is lower than that of a renter.
Did you know - The average cost of a home insurance policy in Wisconsin is $1257 per year. (Wisconsin home insurance is 40.2% less than the U.S. average)
Did you know - Home values in our surrounding area have increased 10.3% since last year.
Do you know - The Estimated The Cost Of Renting Vs. Buying
In many cases, renting can be cheaper than buying a home because of the upfront costs involved. (down payment, closing costs)
What’s Included in a Monthly Mortgage Payment...
It’s not just your mortgage balance. Every mortgage payment has four legs: principal, interest, property taxes, and homeowner’s insurance.
On the other hand, buying a home can be cheaper in the long run and it offers you an opportunity to build equity. (Home values in our surrounding area have increased 10.3% since last year.)
Did you know - That in our surrounding area buying a home is actually cheaper according to a National Association of REALTORS® report. It shows that after 6 years a homeowners mortgage payment is lower than that of a renter.
Yes, I know the real estate market in our area is nuts right now, frustrating for many --- multiple offers, rejected offers, offers well over list price, low inventory, etc. But hang in there! Keep in mind the numbers above and evaluate how they affect you, think long term and have patience.
And as always, if you have any question I am always here to help.
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