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48234 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 48234 with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$815
P&I Payment$377
Taxes & Ins$143
Utilities$295
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Mortgage Details

$66,590
Local Median: $66,590
$13,318 (20%)
%

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

Local Area Costs

Monthly$815

Monthly Breakdown

Principal & Interest
$377
Property Taxes
$102
Homeowners Ins.
$41
Utilities
$295

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$82,468

Local Housing Facts for ZIP Code 48234

  • ·Median home value: $66,590 (adjusted for current market conditions)
  • ·Est. property taxes: $1,225/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $490/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,538/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 $1,225 per year.

What is the average home price in DETROIT?

The median home value in DETROIT is currently estimated at $66,590.

How much does homeowners insurance cost in DETROIT?

For a median priced home, homeowners insurance in DETROIT averages around $490 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 $66,590 can expect to pay roughly $1,225/yr in property taxes, $490/yr for homeowners insurance, and $3,538/yr in energy utilities. That adds approximately $438 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.