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48209 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 48209 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$1,185
P&I Payment$754
Taxes & Ins$151
Utilities$280
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Mortgage Details

$137,103
Local Median: $137,103
$27,421 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,185

Monthly Breakdown

Principal & Interest
$754
Property Taxes
$109
Homeowners Ins.
$43
Utilities
$280

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$161,584

Local Housing Facts for ZIP Code 48209

  • ·Median home value: $137,103 (adjusted for current market conditions)
  • ·Est. property taxes: $1,302/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $513/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,359/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in DETROIT?

Based on the local median home value, estimated real estate property taxes in DETROIT are around $1,302 per year.

What is the average home price in DETROIT?

The median home value in DETROIT is currently estimated at $137,103.

How much does homeowners insurance cost in DETROIT?

For a median priced home, homeowners insurance in DETROIT averages around $513 annually.

What is the true total cost of owning a home in DETROIT?

True homeownership costs go beyond principal and interest. In DETROIT, a typical homeowner with a median-priced home of $137,103 can expect to pay roughly $1,302/yr in property taxes, $513/yr for homeowners insurance, and $3,359/yr in energy utilities. That adds approximately $431 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.