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.
Casper mortgage calculator
A median-priced Casper, WY home at 6.75% over 30 years, with Wyoming property tax of 0.55% and $1,700 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$2,137 a month, all in
Principal and interest are $1,737; escrow and PMI add the rest. Over the full term the loan costs $357,434 in interest. Discounted at 5%, buying here has a net present value of $19,775 ($199,392 in today’s dollars).
Within Wyoming, Casper is the cheapest of the 3 Wyoming markets covered here — Jackson runs about 3.53x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
The price-to-rent ratio here is 20.4 ($297,500 to buy, $1,215 a month to rent), which is high. Renting and investing the deposit is a genuine alternative in Casper, not a fallback position.
Casper is cheaper than Wyoming as a whole — $297,500 against a state median of $350,000, roughly 15% below. On a 20% deposit that is $10,500 less to find up front.
Monthly cost in Casper vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $297,500 |
|---|---|
| Down payment (10%) | $29,750 |
| Loan amount | $267,750 |
| Principal & interest | $1,737/mo |
| Property tax (0.55%) | $136/mo |
| Homeowners insurance | $142/mo |
| PMI while above 80% LTV | $123/mo |
| Total monthly payment | $2,137/mo |
| Comparable rent | $1,215/mo |
What a rate move does to the Casper payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,520/mo |
| 6% | $1,605/mo |
| 6.5% | $1,692/mo |
| 7% | $1,781/mo |
| 7.5% | $1,872/mo |
| 8% | $1,965/mo |
Rent or buy in Casper?
Against $1,215 a month in rent, over 7 years renting leaves you about $56,248 better off — $47,319 once 2.5% inflation is stripped out. See the Wyoming rent-vs-buy page.
Where these numbers come from
Wyoming medians come from editorial and are refreshed weekly. The Casper 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.