Mortgage Rates in Shawano, Wisconsin — March 2026
Updated March 2026 | Based on Shawano market data and regional lending conditions
Shawano is a growing city in Wisconsin with a population of 9,305. The current 30-year fixed mortgage rate in Shawano is 6.84%, which is 0.19% above the national average. With a median home price of $192,000 and a 20% down payment of $38,400, homebuyers can expect a monthly principal and interest payment of approximately $1,005.
Current Mortgage Rates in Shawano, WI
Below are the current average mortgage rates available in the Shawano 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.09% | 6.85% | +0.24% |
Shawano Housing Market Overview
The Shawano housing market offers relatively affordable housing compared to many major cities. The median household income in Shawano is $64,700, and the cost of living index is 89.4 (national average = 100). Based on the 28% affordability rule, the median income in Shawano is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Shawano
Based on the median home price of $192,000 with 20% down ($38,400), here is what you can expect to pay monthly in Shawano:
15-Year vs. 30-Year Mortgage in Shawano
Choosing a 15-year mortgage in Shawano at 6.06% instead of a 30-year at 6.84% would save you $127,620 in total interest over the life of the loan. However, your monthly payment would be $1,301 instead of $1,005 — an increase of $296 per month.
Calculate Your Shawano 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 Shawano
What are the current mortgage rates in Shawano, WI?
As of March 2026, the average 30-year fixed mortgage rate in Shawano, Wisconsin is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in Shawano?
Based on the median home price of $192,000 with 20% down, the estimated monthly mortgage payment in Shawano is $1,005 for principal and interest. Including property taxes of $262/month, the total monthly housing cost is approximately $1,267.
What income do I need to buy a home in Shawano?
Using the 28% rule, you would need an annual income of approximately $54,300 to afford the median-priced home in Shawano at $192,000. The median household income in Shawano is $64,700. The median income is currently sufficient to meet this threshold.
Is Shawano a good place to buy a home in 2026?
Shawano offers a below-average cost of living with a cost of living index of 89.4 (national average = 100). The property tax rate in Wisconsin is 1.64%, which is above the national average. Shawano has a population of 9,305 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 Shawano, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.