Mortgage Rates in New London, Wisconsin — March 2026
Updated March 2026 | Based on New London market data and regional lending conditions
New London is a growing city in Wisconsin with a population of 7,295. The current 30-year fixed mortgage rate in New London is 6.69%, which is 0.04% above the national average. With a median home price of $219,000 and a 20% down payment of $43,800, homebuyers can expect a monthly principal and interest payment of approximately $1,129.
Current Mortgage Rates in New London, WI
Below are the current average mortgage rates available in the New London area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.47% | 6.25% | +0.22% |
| VA | 6.22% | 6.05% | +0.17% |
| Jumbo | 6.94% | 6.85% | +0.09% |
New London Housing Market Overview
The New London housing market offers relatively affordable housing compared to many major cities. The median household income in New London is $64,500, and the cost of living index is 91.8 (national average = 100). Based on the 28% affordability rule, the median income in New London is sufficient to afford the median-priced home.
Monthly Payment Breakdown for New London
Based on the median home price of $219,000 with 20% down ($43,800), here is what you can expect to pay monthly in New London:
15-Year vs. 30-Year Mortgage in New London
Choosing a 15-year mortgage in New London at 5.94% instead of a 30-year at 6.69% would save you $141,300 in total interest over the life of the loan. However, your monthly payment would be $1,473 instead of $1,129 — an increase of $344 per month.
Calculate Your New London Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in New London
What are the current mortgage rates in New London, WI?
As of March 2026, the average 30-year fixed mortgage rate in New London, Wisconsin is 6.69%, while the 15-year fixed rate is 5.94%. FHA loans average 6.47% and VA loans 6.22%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in New London?
Based on the median home price of $219,000 with 20% down, the estimated monthly mortgage payment in New London is $1,129 for principal and interest. Including property taxes of $316/month, the total monthly housing cost is approximately $1,445.
What income do I need to buy a home in New London?
Using the 28% rule, you would need an annual income of approximately $61,929 to afford the median-priced home in New London at $219,000. The median household income in New London is $64,500. The median income is currently sufficient to meet this threshold.
Is New London a good place to buy a home in 2026?
New London offers a below-average cost of living with a cost of living index of 91.8 (national average = 100). The property tax rate in Wisconsin is 1.73%, which is above the national average. New London has a population of 7,295 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the New London, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.