🍎 Michigan

Mortgage Calculator for Michigan Home Buyers

Estimate Michigan mortgage payments including property tax and insurance.

1.54%

Avg Property Tax

$230K

Median Home Price

6.50%

Avg Interest Rate

$1K

Avg Insurance/Year

Calculate Your Mortgage

Loan Amount ($)

Interest Rate (%)

Loan Term

Property Tax (% per year) - Optional

Home Insurance ($ per year) - Optional

Your Monthly Payment

Principal + Interest + Tax + Insurance

Principal & Interest

Property Tax

Home Insurance

Total Payments

Payment Breakdown

Loan Amount $0

Interest Rate 0%

Loan Term 0 Years

Monthly Payment $0

Total Interest Paid $0

Total Amount Paid $0

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Calculate Your Mortgage

Fill in the form and click calculate to see your results

About Michigan Mortgages

Michigan offers affordable home prices in many areas, with moderate property taxes and insurance.

Michigan Mortgage FAQs

What is the median home price in Michigan?

The median home price in Michigan is $230000.

What is the average property tax rate in Michigan?

The average property tax rate in Michigan is 1.54% per year.

How much do homeowners typically pay for insurance in Michigan?

Homeowners insurance in Michigan averages $1400 per year.

What is the current mortgage interest rate in Michigan?

The current mortgage interest rate in Michigan is approximately 6.50%.

Are property taxes in Michigan higher or lower than the national average?

Property taxes in Michigan are higher than the national average.

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