Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Madison mortgage calculator
A median-priced Madison, WI home at 6.75% over 30 years, with Wisconsin property tax of 1.53% and $1,500 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,060 a month, all in
Principal and interest are $2,277; escrow and PMI add the rest. Over the full term the loan costs $468,569 in interest. Discounted at 5%, buying here has a net present value of $754 ($228,972 in today’s dollars).
Within Wisconsin, Madison is the most expensive of the 4 Wisconsin markets covered here. Prices here run 1.63x those in Milwaukee, the cheapest market listed, so a statewide average badly understates what a purchase costs on this side of the state.
Madison carries a premium over the rest of Wisconsin: a median home here runs $390,000, about 30% above the state median of $300,000. The deposit moves with it, so the same 20% down is $78,000 rather than $60,000.
Prices here have run ahead of rents: the local price index sits at 1.30 against a rent index of 1.20. A market where buying costs rise faster than renting does is one where the rent-vs-buy answer leans later — you need a longer hold before ownership wins.
Monthly cost in Madison vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $390,000 |
|---|---|
| Down payment (10%) | $39,000 |
| Loan amount | $351,000 |
| Principal & interest | $2,277/mo |
| Property tax (1.53%) | $497/mo |
| Homeowners insurance | $125/mo |
| PMI while above 80% LTV | $161/mo |
| Total monthly payment | $3,060/mo |
| Comparable rent | $1,680/mo |
What a rate move does to the Madison payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,993/mo |
| 6% | $2,104/mo |
| 6.5% | $2,219/mo |
| 7% | $2,335/mo |
| 7.5% | $2,454/mo |
| 8% | $2,576/mo |
Rent or buy in Madison?
Against $1,680 a month in rent, over 7 years renting leaves you about $93,321 better off — $78,508 once 2.5% inflation is stripped out. See the Wisconsin rent-vs-buy page.
Where these numbers come from
Wisconsin medians come from editorial and are refreshed weekly. The Madison figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.