Mortgage & Property Tax Calculator

Loan details

Purchase price

Down payment ($)

Down payment (%) — type % or $, the other auto-fills

Interest rate (%)

Term (years)

Insurance / yr ($)

HOA / mo ($) — condos / HOA communities

PMI / mo ($) — auto-estimated at 0.5%/yr of loan when down payment is under 20%. Edit to override; reset

Property tax — Michigan 2025

County City / Township School district Residence type

Principal Residence Non-Homestead

SEV (½ of purchase price) $150,000

Millage rate —

Estimated annual tax —

Monthly tax —

Property tax / year ($) — type here to override the district estimate

Disclaimer: Estimates use 2025 Michigan millage rates from the state's tax-rates dataset. SEV (State Equalized Value) is the taxable value the state assesses — for this calculator we use half of the purchase price as a working approximation. Actual SEV from the assessor may differ. Principal Residence = your owner-occupied home (homestead). Non-Homestead = investment property, second home, or rental.

Monthly payment

Estimated Monthly

Principal · Interest · Tax · Insurance (PITI)

Principal & Interest$0

Property tax$0

Home insurance$0

HOA$0

PMI$0

Loan amount$0

Term30 yr

Total interest$0

How the math works