Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Madison Mortgage Calculator

Estimate your true cost of homeownership in Madison with localized property taxes, insurance, and utility data.

← Back to Madison Hub
Est. Total Monthly Cost
$3,890
P&I Payment$3,065
Taxes & Ins$572
Utilities$253
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this Madison scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$575,779
Local Median: $575,779
$115,156 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$3,890

Monthly Breakdown

Principal & Interest
$3,065
Property Taxes
$450
Homeowners Ins.
$122
Utilities
$253

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$642,722

Local Housing Facts for Madison

  • ·Median home value: $575,779 (adjusted for current market conditions)
  • ·Est. property taxes: $5,400/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,467/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,040/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Madison?

Based on the local median home value, estimated real estate property taxes in Madison are around $5,400 per year.

What is the average home price in Madison?

The median home value in Madison is currently estimated at $575,779.

How much does homeowners insurance cost in Madison?

For a median priced home, homeowners insurance in Madison averages around $1,467 annually.

What is the true total cost of owning a home in Madison?

True homeownership costs go beyond principal and interest. In Madison, a typical homeowner with a median-priced home of $575,779 can expect to pay roughly $5,400/yr in property taxes, $1,467/yr for homeowners insurance, and $3,040/yr in energy utilities. That adds approximately $826 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.