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Ann Arbor Mortgage Calculator

Estimate your true cost of homeownership in Ann Arbor with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$3,164
P&I Payment$2,344
Taxes & Ins$609
Utilities$212
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Mortgage Details

$463,464
Local Median: $463,464
$92,693 (20%)
%

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

Local Area Costs

Monthly$3,164

Monthly Breakdown

Principal & Interest
$2,344
Property Taxes
$501
Homeowners Ins.
$107
Utilities
$212

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$472,898

Local Housing Facts for Ann Arbor

  • ·Median home value: $463,464 (adjusted for current market conditions)
  • ·Est. property taxes: $6,015/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,287/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,539/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 Ann Arbor?

Based on the local median home value, estimated real estate property taxes in Ann Arbor are around $6,015 per year.

What is the average home price in Ann Arbor?

The median home value in Ann Arbor is currently estimated at $463,464.

How much does homeowners insurance cost in Ann Arbor?

For a median priced home, homeowners insurance in Ann Arbor averages around $1,287 annually.

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

True homeownership costs go beyond principal and interest. In Ann Arbor, a typical homeowner with a median-priced home of $463,464 can expect to pay roughly $6,015/yr in property taxes, $1,287/yr for homeowners insurance, and $2,539/yr in energy utilities. That adds approximately $820 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.