Mortgage Calculator — Michigan
Mortgage Calculator for Michigan
Pre-filled with Michigan median home prices and property tax rates. Adjust the numbers to match your situation.
Median Home Price
$230,000
Avg. Interest Rate
7%
Property Tax Rate
1.54%
20% Down Payment
$46,000
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Monthly Payment
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principal, interest, taxes & insurance
Principal & Interest--
Property Tax--
Home Insurance--
Down Payment--
Loan Amount--
Total Interest Paid
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Total Cost of Loan
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Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
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Mortgage rates and home prices in Michigan
The median home price in Michigan is currently $230,000. With a 20% down payment and a 30-year fixed mortgage at 7%, your estimated monthly payment would be around the figure shown above. Property taxes in Michigan average 1.54% annually, which is factored into the calculation above.