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Madison Heights Mortgage Calculator

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

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Est. Total Monthly Cost

$1,672

P&I Payment$1,199

Taxes & Ins$307

Utilities$166

Also calculate:FHA Calculator VA Calculator

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Mortgage Details

Home Price$225,174

Local Median: $225,174

Down Payment$45,035 (20%)

Interest Rate

Loan Term

Credit Score

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

Local Area Costs

Property Taxes / yr$2,890

Homeowners Ins. / yr$796

Include Flood InsuranceOptional

Estimated based on Madison Heights FEMA risk profiles.

Include Est. Utilities$1,995/yr

Based on DOE LEAD data for Madison Heights.

Monthly$1,672

Monthly Breakdown

Principal & Interest

$1,199

Property Taxes

$241

Homeowners Ins.

$66

Utilities

$166

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest

$251,441

Local Housing Facts for Madison Heights

·Median home value: $225,174 (adjusted for current market conditions)
·Est. property taxes: $2,890/yr — pre-loaded from county assessment data
·Homeowners insurance (HO-3): $796/yr — based on local per-$1K premium rates
·Energy utilities: $1,995/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 Madison Heights?

Based on the local median home value, estimated real estate property taxes in Madison Heights are around $2,890 per year.

What is the average home price in Madison Heights?

The median home value in Madison Heights is currently estimated at $225,174.

How much does homeowners insurance cost in Madison Heights?

For a median priced home, homeowners insurance in Madison Heights averages around $796 annually.

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

True homeownership costs go beyond principal and interest. In Madison Heights, a typical homeowner with a median-priced home of $225,174 can expect to pay roughly $2,890/yr in property taxes, $796/yr for homeowners insurance, and $1,995/yr in energy utilities. That adds approximately $473 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.