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If you are considering purchasing a high-priced home in Wisconsin, a jumbo loan may be in your future. Our Wisconsin jumbo loan calculator helps you estimate monthly payments and total costs. Use this guide to learn more about jumbo loan limits, how jumbo mortgages differ from conforming loans, and how to effectively use a jumbo loan calculator to make an informed financial decision about buying your dream home in Wisconsin.
Key Points
• You will need a jumbo loan when your mortgage exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The conforming loan limit for a single-family home in Wisconsin in 2026 is $ 832,750.
• A significant down payment (at least 10%) and substantial cash reserves are often necessary to qualify.
• Our jumbo loan calculator helps you estimate monthly payments, total interest, and overall costs of a jumbo mortgage.
• The Wisconsin jumbo mortgage calculator also includes property tax. It does not include homeowners insurance or HOA fees.
Wisconsin Jumbo Loan Calculator
Calculator Definitions
• Jumbo loan: A jumbo loan is a mortgage exceeding the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The conforming loan limit for a single-family home in Wisconsin in 2026 is $832,750.
• Home price: The home price is the purchase price you’ve agreed upon with the home seller. It affects your estimated monthly mortgage payment, total interest paid, and overall loan cost.
• Down payment: The down payment is the initial amount paid upfront. Jumbo loan requirements can be more strict, and you’ll typically need to put down at least 10% of the home price for this type of mortgage loan.
• Loan term: The loan term — typically 30 or 15 years — is the duration to repay the mortgage. Terms of 10 or 20 years are also available. A longer term will reduce your monthly payments but increase your total interest paid; a shorter term saves on interest but increases monthly payments.
• Interest rate: The interest rate is the cost of borrowing, expressed as a percentage of the loan amount.
• Annual property tax: Property tax is a fee charged by local governments on land and structures, usually calculated as a percentage of the property’s assessed value, which may not be the same as its market value.
Here are the steps to use the Wisconsin jumbo loan calculator effectively:
Step 1: Enter Your Home Price
First, enter the home price listed on your contract.
Step 2: Enter Your Down Payment Amount
Next, enter how much you will pay for a down payment. A jumbo loan requires at least 10% of the home price upfront.
Step 3: Select a Loan Term
Then, choose a loan term between 10 and 30 years.
Step 4: Enter Your Interest Rate
Now, enter your anticipated interest rate, to the second or third decimal point.
Step 5: Enter Your Property Tax Rate
Lastly, enter your annual property tax rate as a percentage. In Wisconsin, the average rate is 1.59%.
What Are Jumbo Loans and Conforming Loan Limits?
You are probably wondering what is a jumbo loan? It’s a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). In 2026 in Wisconsin, the limit is $832,750 for a single-family home.
When comparing jumbo loans vs. conventional loans, jumbo loans often have more stringent qualification criteria. Borrowers generally need a higher credit score (700+) and significant cash reserves to qualify. Lenders also typically require a down payment of 10%, though some look for 20%. Fortunately, private mortgage insurance (PMI) is typically not required for down payments less than 20%.
Using a jumbo loan mortgage calculator offers many benefits to homebuyers. The Wisconsin jumbo loan calculator can help you budget by providing an estimate of your monthly mortgage payment, including principal, interest, and property taxes.
Also, you can use the calculator to compare offers from multiple lenders, so you can make informed decisions and find the loan that best serves your needs. This tool also shows how changes in interest rates can affect your payments, allowing you to plan for different scenarios.
How to Use the Jumbo Loan Calculator to Compare Scenarios
Here’s how to use the Wisconsin jumbo loan calculator to compare different loan scenarios that meet your financial goals.
• Input different home prices to see how that adjustment affects affordability. Remember that you may qualify for a higher loan amount than you can comfortably afford.
• Consider a larger down payment to reduce your overall interest costs.
• See how shorter loan terms can save you on interest (although this will mean higher monthly payments).
• Input different interest rates to explore the implications of an adjustable-rate loan.
• Use the calculator to evaluate how minor rate changes could affect a jumbo loan.
Current mortgage rates by state.
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
Deciding How Much House You Can Afford in Wisconsin
To help you determine how much house you can afford in Wisconsin, refer to the guideline that says housing costs shouldn’t exceed 28% of your gross monthly income. If you are looking to purchase a $1 million home in Wisconsin with a 10% down payment ($100,000), a 30-year term, and 6.75% interest rate, your monthly payment would be approximately $5,837, excluding taxes and insurance. You would need to earn an annual income of around $250,000 to comfortably afford that payment, assuming no other debts.
Another helpful guideline lenders recommend is that total debt payments stay under 36% of gross monthly income; other debt shouldn’t exceed about $1,600 monthly in this case. If you want to factor in a car loan, student loan, or credit card payment for example, you can use a home affordability calculator.
A more reliable method to help you determine affordability is to go through the mortgage preapproval process with a lender, where you provide detailed financial information. The lender will let you know whether you qualify for a loan and, if so, in what amount and under what terms.
Even though there are different types of mortgage loans, the core elements of any mortgage payment remain the same: the principal and interest. You will see that the Wisconsin jumbo loan calculator also includes annual property tax, which may be part of your monthly payment.
Other financial obligations that may be rolled into your mortgage bill are homeowners insurance and homeowners association (HOA) dues. Understanding these components helps you get a more accurate picture of your total commitment, ensuring you are well-prepared for the financial responsibilities of homeownership.
Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.
Cost of Living in Wisconsin
As you set your sights on purchasing a home in Wisconsin, it’s a good idea to research the cost of living to help you determine how far your dollar goes. States with a lower cost of living typically have lower home prices (compared to the national average) along with lower expenses toward utilities, maintenance, and transportation.
With a cost of living index of 97.7, Wisconsin is considered a more affordable state. At 97.8, housing costs are a little bit more economical, and utilities, at 89.2, are about 11% less expensive than the national average.
Tips on Reducing Your Jumbo Loan Payment
You may be wondering how you can lower your monthly mortgage payment. Here are some tips:
• Compare prices with insurance providers and see if they offer a discount for a multi-line policy (auto and home, for example). You can also opt for a higher deductible.
• Extend the term of your loan to reduce monthly payments, though this increases the total interest you’ll pay.
• If you face financial hardship in the future, talk to your lender about a loan modification.
• If interest rates drop, consider a mortgage refinance; just remember that to refinance a jumbo loan requires that you pay closing costs again.
As you consider a jumbo mortgage loan in Wisconsin, use our jumbo loan calculator to estimate your monthly payments and total costs. This tool can help you experiment with different down payment amounts, various interest rates, and loan term options so you can make the right financial decision for your budget. Taking these steps can help set you up for success to locate and pay for your next home in Wisconsin, the Forward State.
When you’re ready to take the next step, consider what SoFi Home Loans have to offer. Jumbo loans are offered with competitive interest rates, no private mortgage insurance, and down payments as low as 10%.
SoFi Mortgages: We make mortgage loan applications smart and simple.
A credit score of 700 or higher is typically required for consumers to qualify for the higher loan amounts of a jumbo loan (some lenders prefer 720). That lofty score can help the lender feel more secure that you’ll pay back the amount you borrow.
How much is a jumbo loan in Wisconsin?
For 2026, the conforming loan limit for a single-family home in Wisconsin is $832,750. Any mortgage over that amount requires a jumbo loan.
What are the benefits of a jumbo loan?
Jumbo loans offer several benefits, including the ability to finance high-value properties and gain access to certain interest rates. Despite the fact that they can be higher risk for a lender, jumbo loans can have competitive rates in favorable markets.
How much are closing costs on a jumbo loan?
Closing costs for a jumbo loan in Wisconsin typically range from 2% to 5% of the property’s price. For a $1 million home, this translates to an estimated expense of $20,000 to $50,000.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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