Tools

Mortgage calculators built for Michigan

Generic calculators ignore the numbers that actually vary here — property tax (under 1% up north to over 2% in parts of Wayne County), Michigan's transfer tax, and the insurance premiums each loan type adds. Ours build them in.

Payment & affordability

Monthly payment

Principal, interest, Michigan property tax, insurance and PMI — the full number.

Affordability

Work backward from income and debts to a realistic Michigan price range.

Debt-to-income (DTI)

The ratio that most often decides a mortgage approval.

Rent vs buy

Find the year buying a Michigan home pays off versus renting.

By loan type

FHA loan

Payment with upfront and monthly mortgage insurance (MIP) built in.

VA loan

Zero-down payment including the VA funding fee.

Land loan

Vacant-lot financing with bigger down and shorter term.

Home equity

HELOC payment

Interest-only draw period and the jump to repayment.

Home equity loan

Fixed lump-sum payment and how much you can borrow.

Payoff & refinance

Amortization schedule

Month-by-month principal, interest and balance for the whole loan.

Mortgage payoff

How extra payments cut years and interest off your loan.

Refinance break-even

Whether today's rates save enough to justify the closing costs.

Michigan closing costs

Transfer tax, title and recording fees specific to Michigan.