Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Detroit Mortgage Calculator

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

← Back to Detroit Hub
Est. Total Monthly Cost
$1,133
P&I Payment$689
Taxes & Ins$178
Utilities$266
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this Detroit scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$127,934
Local Median: $127,934
$25,587 (20%)
%

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

Local Area Costs

Monthly$1,133

Monthly Breakdown

Principal & Interest
$689
Property Taxes
$133
Homeowners Ins.
$44
Utilities
$266

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$145,810

Local Housing Facts for Detroit

  • ·Median home value: $127,934 (adjusted for current market conditions)
  • ·Est. property taxes: $1,599/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $532/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,188/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 $1,599 per year.

What is the average home price in Detroit?

The median home value in Detroit is currently estimated at $127,934.

How much does homeowners insurance cost in Detroit?

For a median priced home, homeowners insurance in Detroit averages around $532 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 $127,934 can expect to pay roughly $1,599/yr in property taxes, $532/yr for homeowners insurance, and $3,188/yr in energy utilities. That adds approximately $443 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.